PlayStation 3 owners affected by the dreaded 8001050F error, it may be safe to turn on your systems again. Reports from users locked out by the system's clock bug are indicating our day-long nightmare is finally over.

Sony hopes to fix the PlayStation 3-stalling 8001050F error in a day. But, if you have a fat PS3, do not use it for 24 hours. The news came in Sony's first comprehensive statement about the error plaguing PS3s worldwide.

Around the world, PlayStation 3 consoles simply aren't working like they're supposed to, with an error — Error: 8001050F — preventing people from not just going online, but from playing some PS3 games offline as well. [Post updated throughout day.]