Y2K-like bug in PlayStation 3 Network

Sony has warned that a glitch has knocked PlayStation 3 users off the game console's online network and said that data loss could occur if gamers continued using the machines.

Sony said in a blog post Monday that the problem was likely caused by a bug in the clock functionality incorporated in the system, reminiscent of the Y2K bug a decade ago.

The problem is affecting older PlayStation 3 models, but not the newest slim version that went on sale in September.

Link