Sony has announced that the bizarre events of the last two days, which culminated in the platform holder advising owners of the fat PS3 not to turn on their consoles, are over.
"We are aware that the internal clock functionality in the PS3 units other than the slim model, recognised the year 2010 as a leap year. Having the internal clock date change from February 29 to March 1 (both GMT), we have verified that the symptoms are now resolved and that users are able to use their PS3 normally," the publisher wrote on the official US blog.
"If the time displayed on the XMB is still incorrect, users are able to adjust time settings manually or via the internet. If we have new information, we will update you through the PlayStation.Blog or PlayStation.com.
"We apologise for any inconvenience this may have caused."
Eurogamer technology editor Rich Leadbetter had reported that the now-infamous "8001050F" error was impairing PS3 functionality including PSN connectivity, trophies and even some offline games.
Mercifully it seems that the passage of time has resolved the issue for various users, with many now reporting that their fat PS3s are working fine again, although some trophies were being awarded with the wrong date attached. Eurogamer's fat PS3 seems to be back to normal.
Slim PS3 owners were not affected.