Some news it seems...
Sony has revealed in a blog post this morning the PSN will be back online by 4 May, although not all services will be fully functional by this date.

Indeed though I do plan to upgrade my OLD 360 model this year because of Disc Tray problems and for the £80 they want to fix it I might as well buy a brand spanking new slim model £149.99...though I guess it will cost a little more due to the transfer cable am going to need for my HDD data
Yeah Sony has really shit in their nest with this debacle.