Reports are flooding in at the official Playstation forums that PS3 firmware v2.00 is causing a great deal of issues for owners. However, there appears to be some trends in the complaints, firstly the XMB has slowed down in its operation and the PS3 60GB model seems to be victim to the most problems. However that's not all, other noted defects as a result of the update include read errors and system freezes.

I updated to 2.0 in order to continue playing GHIII. Since the update I have not been able to load a disk(game or DVD movie). My HD had to be restored/formatted and after that I still can't play a disk. All my content is of course gone and even navigating the menus is slow. I can get into the store and even begin downloading content but have not successfully been able to complete a DL. It moves really slow. Anyone else have this problem?