A firmware update went live today adding the console to turn off Trophy notifications and promising “improved system stability” BUT DO NOT DOWNLOAD IT….as same users are having issues, although not EVERYONE is having the issue some PS3 owners are reporting that the new software update makes it impossible to load the system’s XMB, hanging on the waving ribbon at boot up. So I wouldn’t advise you to take the chance until Sony has dealt with the issue.
Stay tuned as we will get more information as we get it.