This isn't a unique issue but I haven't found any methods for solving it, when I boot up the game it goes to the "1.02 update necessary" blah but then the console shuts off shortly thereafter; no issue patching or downloading for other games. Any ideas?

This same thing happened to me on multiple PS3's. When the PS3 restarted and I went back into the game it patched totally fine the second time.

Worked fine for me, but maybe try deleting the game data?

Worked via hitting circle for the initial prompt then logging in while in the game.

I've tried all this and all I get it is it coming up with the Please wait then 3 bleeps and then system resets.

Done a search online and then tried all the ways possible I can fined still same thing.

Has Nether Realms screwed the game up on ps3??