Update: Sony has taken down their PlayStation Network again, as the maintenance did not go as planned. Estimated time is less than an hour.

Updated: 2008-06-25 02:21 CEST / 6-24-08 5:21pm Pacific

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The full message from Sony is as follows:

Playstation Network Service maintenance information
We will be performing maintenance for PLAYSTATION Network Service(PSN) as follows.
Maintenance Schedule:
Start time: June 24 (Tue) 17:00 CEST (8am Pacific)
End time: June 24 (Tue) 22:10 CEST (1.10pm Pacific)
Impact: PSN service for all region will be unavailable during this maintenance.
Auth will be available for accounts already cached (having logged in prior to the start of the maintenance).
Thank you for your cooperation.