PS3 is The amazing device by sony but it has some common problems like
Disc read error, unreadable disc etc.... Good news is that these
all problems can be repaired with the help of DIY Guides, one such
guide available at PS3 Repair Blog
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Unfortunately, this error code is the after effect of Ps3 Firmware
Upgrade 3.50. The only thing you can do at this point is either wait for
Sony to release a patch, or restore your ps3 to factory settings.
I apologize for the inconvenience. Thank you for using FixYa! =)
Hi, If on all discs this error is showing then it means the lens need replacement, and if just one disc is showing this error then it has improper data on the disc, check both condition and act accordingly. Thanks for using fixya.
ive had exactly the same probs. so i phoed sony today and they promised me a patch was coming out this tuesday to fix these problems. so roll on the 8th. its happening to 1000's of ps3s. was expecting them to send me another ps3 out but they wouldnt as they assured me the patch would fix it. and it would be quicker than them sending another ps3 out. hope this helps you