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Source: Ps Blog EU

Starting soon, the PlayStation Network will be inaccessible for several hours for maintenance. The server maintenance performed at this time represents a crucial step in the full restoration for PSN, including the PlayStation Store.
During this maintenance period, users will be unable to sign in to PSN, though those that are already logged in should be able to remain online.

Resumption of full PlayStation Network service is still on track for this week in most regions.

Thank you once again for your patience as we work to return PSN to the highest level of service.

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PlayStation Network is offline for scheduled maintenance from 16:30 on Wednesday 1 June 2011 until 07:01 on Thursday 2 June 2011, GMT.

During the maintenance, you will be unable to access the following services:

PlayStation Store on PS3 and PSP.
PlayStation Network Account Management.
PlayStation Network Account Registration.
In addition, you will not be able to sign in to PlayStation Network from eu.playstation.com. If you wish to play online during the maintenance, please ensure you sign in to PSN before 16:30 on Wednesday 1 June 2011.

During this maintenance, you can continue to collect in-game trophies and these will be updated on your profile once PlayStation Network is back up and running.

If you have any questions about this down time, feel free to visit the official PlayStation Forums at community.eu.playstation.com where you can post your query and a member of the Community Team will get back to you.

For the latest maintenance updates, visit the PlayStation Blog at blog.eu.playstation.com, keep an eye on our Facebook page at facebook.com/SonyPlayStation and follow us on Twitter at twitter.com/PLAYSTATIONEU

Once again Lew thank you for the information dude

iv e just signed in so dunno why everone is panicing haha

Thanks For This Newsweek M8!! Hey I Had You On My Friendlist Like 2 Years Ago, Tell Me Your PSN For Add You Again I Had xFrank Too... You Guys Still Playing?

yeh mate me n frank still play propa close mates too, mines still the same it wont ever change its xLew-- franks is DrinkinMehStella.

i cant remember you though :carling:

My Old PSN Was ll_Doka-jHoN_ll I Made Code For Wins In Cod4 Long Time Ago!! Remember??

yhhh bruv i remember

It had better be back up by tomorrow, can't stand this 'maintenance during the holidays' bull.

You know xFrank i had him on my friends list and lost him could you add me lew :qadsayia if you want

yet again...