Yay! Finally PSN is now going back online!

Here’s what will first be restored to PlayStation Network and Qriocity users:
* Sign-in for PlayStation®Network and Qriocity services, including the resetting of passwords * Restoration of online game-play across PS3 and PSP * Playback rental video content, if within rental period, of PlayStation Network Video Delivery Service on PS3, PSP and MediaGo * Music Unlimited powered by Qriocity, for current subscribers, on PS3 and PC * Access to 3rd party services such as Netflix, Hulu, Vudu and MLB.tv * ‘Friends’ category on PS3, including Friends List, Chat Functionality, Trophy Comparison, etc * PlayStation Home
Video below of Kazuo Hirai detailing the restoration process.