Good news, PlayStation 3 brothers and sisters: A patch for your version of Grand Theft Auto IV should be available later today.
A Sony source told Eurogamer that the patch would help by "reducing the loads on the servers at GameSpy and hopefully the completely random hangs that some users have seen."
Update: Here's Rockstar's official word on the matter:
Rockstar Games has released a GTA IV patch for Playstation 3 today that prevents Gamespy’s servers from being overloaded and therefore reduces the impact on those servers that were causing the game to stutter and lock up. We continue to monitor the performance of the game both on and offline and will provide further updates as necessary. We want to assure everyone that, together with our hardware partners, we continue to strive to give our fans the best possible interactive entertainment experiences possible. This update will ensure that everyone will experience Grand Theft Auto IV the way it was intended. We apologize for the inconvenience this has caused.
Eurogamer: GTA IV PS3 patch due today