Oh, you weren't planning on playing video games on Christmas, were you?
Update 2: Sony has now confirmed that the PlayStation network is now 100% operational again. Sony urges anyone still having issues to please reboot their consoles and try again.
Update: It looks like Kim Dotcom, owner of MegaPrivacy, has reportedly offered Lizard Squad, the "hackers" responsible for the attacks on PSN and Xbox Live, 3,000 Lifetime accounts on Dotcom's encrypted upload service. Lizard Squad confirmed that the attacks had stopped, and from the looks of things, both services seem to be gradually returning to normal operation.
Original Story: Christmas day is a very exciting day for children and adults alike, and for many of them, a brand-new console is what awaits them under the Christmas tree. You can imagine that the online networks of these consoles would be under quite a lot of stress today, and it looks like they have actually buckled under it, with reports flooding in that both PSN and Xbox Live are down.
"We are aware some users are unable to sign in to Xbox Live. Our teams are working to resolve the issue. Please visit xbox.com/support for status updates."
Sony offered similar sentiments:
"We are aware that some users are experiencing difficulty logging into the PSN. We will update this article with any changes that occur in regards to this issue. Thank you for your patience."
Now before you pull out your torches and pitchforks and attack Sony and Microsoft for "not being prepared for the Christmas rush," a group calling itself Lizard Squad on Twitter is taking responsibility for the attacks, which likely result from inundating and overloading the networks with traffic.
It should be noted that at this stage, Sony and Microsoft claim that no personal information has been compromised.