It's a bug in the clock folks. Who would ever thought a clock would cause so much trouble. But the latest post on Sony's blog
states that they think they've narrowed it down to a little gremlin in that area. The thing is if you have a PS3 affected by this, DO NOT USE IT
. Yeah, don't even turn it on. It might cause more problems by not being able to restore data. Yeah, it sucks but they hope to have a fix in 24 hours.