Reports are still not yet confirmed, but after testing our own PS3, it appears that the global 8001050F error that left most non-Slim PS3 consoles essentially unplayable seems to be fixed. and We’re guessing this issue was corrected on the server side of things, as there was no update or download required; our console just worked.
Even better, all trophy and game save data remains intact, so worries about corrupted information can be put to rest.
We still don’t have an official word from Sony, but it looks like the worst is behind us. That said, we’d still recommend waiting for the all-clear sign from Sony until you boot up your console.