PC World writes: "Speaking anecdotally -- anecdotally, mind you! -- I've never seen the error (or any other) after over a year of frequent use. I've had three Xbox 360s go to pot (and had all three replaced, thank you very much for the first class customer service Microsoft) but I'm still on PS3 numero uno, and just in case it matters, I run both systems side-by-side inside a large wooden cabinet without proper ventilation, and yes, they both get quite warm and fan-blade-whiny in the summer after extended play time.
If you do get the error, the best thing you can do is probably ignore most of the above, stay away from the junk speculation on most of the boards (unless you're into wrapping systems in towels and doing rain dances and lighting votive candles to resurrect the mechanically dead), and give Sony a call. Unlike Microsoft's Xbox 360 "red ring of death" error, which several retailers were claiming was causing failures in the 30 to 33 percentile range, the 80010514 reset issue appears to be rare and occurring within the acceptable failure range for any piece of electronic equipment. If that changes, I'll be right back on top of it here."