If you’re one of the five people I know that owns a PS3, you’re better off not using it for a few days.
In a post on the official PlayStation blog, Sony says that the glitch “is being caused by a bug in the clock,” which (as the bloggers at Sony Insider are guessing) may have gotten tripped up in the changeover from February 28—yesterday—to March 1.
Symptoms of the bug include your PS3’s internal clock being reset to Jan. 1, 2000; the inability to set the clock via the Internet, or to connect to the PSN at all; PSN video store rentals that won’t play, even though their rental windows haven’t expired; and, worst of all, disappearing “trophy” data for some games, with the message “Failed to install trophies; please exit your game” when you try to launch the said games.
They state 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.
This once again proves that Xbox 360 is better than Playstation 3!