Remember December 31st, 1999? The lines of people at supermarkets, stockpiling tins of baked beans and bottled water, convinced the millennium bug would strike at midnight? Turns out the PS3 Error 8001050F was a millennium bug 10 years in the making.
The PlayStation blog has been updated with Patrick Seybold, the senior director of corporate communications writing:
"We are aware that the internal clock functionality in the PS3 units other than the slim model, recognised the year 2010 as a leap year. Having the internal clock date change from February 29 to March 1 (both GMT), we have verified that the symptoms are now resolved and that users are able to use their PS3 normally."
According to Wikipedia, other electronics such as phones and debit card machines in shops have been affected by the "Y2K+10" or "Y2.01k" millennium bug, due to problems encoding binary numbers. Apparently even Windows Mobile has had problems this year! Apart from the obvious, of course. [PlayStation blog via Kotaku]