From Kotaku:
UPDATE 3 - Citing unnamed "developers and studios", British site Develop say that the issue is affecting titles currently in production for the PlayStation 3, with debug consoles - used by developers to actually make games - thrown "into a rebooting cycle, due to an endlessly-looping error message".
Man guys this could be really really bad news if their losing information on games curently in production....hopefully they get a fix soon cause this could turn out awful 







