[quote name='AdvOfJet']So having a launch 60Gb model and doing every firmware update the day it comes out, I had my first major issue this morning.
Everything went fine last night downloading and installing and I even played some for about 5 hours after downloading and installing the new firmware.
Got up this morning and when I tried to turn on the PS3 nothing showed up on the screen. The monitor verified the HDMI connection was there, but there was no sound or picture. Turned off the PS3 and then back on and had to run through the entire system setup again. It wasn't like when you hold the button down to turn it on to reset the video and sound, I had to redo everything including network connection and such.
It also went through the process of restoring my User Accounts from the Hard Drive and all my saved User Account information was gone and had to be re-established.
Now that I have everything up and running again, I've tried turning it off and back on a few times and everything seems fine.
The bigger FU is that none of my Gameshare games are working anymore due to invalid copyright

.
It could be coincidence, but I have never had a single issue with my system until this morning.
Edit: Deactivating and reactivating the system seemed to solve the Gameshare issue.[/QUOTE]
I have a 20GB launch and you just provoked me into backing up my system. It's taken about 2 hours but if it means I avoid anything like what you experienced, it's worth it.