Comment His PS3 might have been used!!! (Score 1, Informative) 438
If I read the .pdf of the class action correctly, the plaintiff bought their now malfunctioning PS3 in Jan 2009 (no mention of new, only that it was for several hundred dollars) and the update was in Sept 2009... that's less than a year and this should be covered by the warranty (not for $150 which is the standard price for out of warranty repairs). It would appear that the PS3 in question was used and over a year old. Who knows what that particular unit's history was??? Methinks there's more to this than just bugs in the code (which could be there).
Oh, and I have 3.0 and 3.0.1 on a PS3 20GB (launch Nov 2006) and a new Slim that are running just fine (anecdotal I know).