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JHawkNH said:
Why do I get the feeling that we are going to see a "Zune" moment here?
On 2/29/2008 a lot of Zunes suddenly stopped working because they were never programmed to recognize 2/29/08. So how did microsoft fix it? They waited until 3/1/08 and all the Zunes began to work again. They later released a patch that fixed the original problem.
Why do I get the feeling that the 24hr time is just to get PS3 owner to wait until 3/2/10 and the PS3's (Phat) will start woring again on their own. Then later they will release a patch to fix the original problem.

Because they just said the 24 hour thing an hour or two ago. But in reality it would be 24 hours since it started in about 5 hours.