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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

psn was not down at that time.

psn was supposed to be down if you read it it says you wont be able to access certain things lol

Well so much for that, everyone was online from 4:30 to atleast 9pm when I went off to watch the Apprentice...

it better be in time for escalation :0

:lol: My Bad xLew Still <3 You

PSN is working, at least for me. It is 20:13 in Argentina and I had just connect correctly.

u can sign in and out of psn u just cant do account managment

i wake up at 6 am so i have a good amount of time to see wat goes down