So, if you have/are experiencing the 8001050f error, there is light at the end of the tunnel.

According to Sony this was caused by a glitch in the internal clock of the system, some bs about not properly implementing a leap year function…..Wtf ever. The fix to this madness is simple, turn off your ps3 for 24 hrs so the clock fixes itself and then you are set. Epic fail Sony, epic fail.