Minecraft Playstation®3 Edition has failed to load and cannot continue

Exploring the world, not entirely sure what caused this:
(More Info as to what was going on at the bottom)

Playstation 'Game' Information:
Title: Minecraft: Playstation®3 Edition
Version 1.28
(Battle Mode was just released today)

Texture Pack: Default, Natural, Fantasy, Halloween, Skyrim, Candy
(Tested on additional Texture-packs)
Seed: -1312995715
Gamemode: Survival
Difficulty: Peaceful, Easy, Normal & Hard

Players: 1-2 Players

Online Game: Yes (Tried both Online and Offline)
Invite Only: No
Allow Friends of Friends: No
Player vs Player: Yes
Host Privileges: No
(Rest were left as Default)

quite a few of my PSN friends have reported this issue since the update,
My region: UK (England)
Buddie1's region: US (Pennsylvania)
Buddie2's region: US (North Carolina)
Buddie3's region: US (Pennsylvania)
Buddie4's region: UK (Wales)
Buddie5's region: UK (Wales)

The crash happened during an Autosave (It saved successfully whilst inside the Blacksmith's house in the village)
but after travelling to the 'Dark-oak Forest' (Noted by the 2 Dark oak trees and a Large Red Mushroom ontop a hill)
on one side of the forest there's a Pond by 3 Dark-oaks and a Single Oak tree, During auto save there, (upon arrival) it bumped into the "Minecraft Playstation®3 Edition has failed to load and cannot continue" error,

also if it matters, it took about 3-4 hours before the crash happened on the older world, whereas the newer worlds are crashing whilst just exploring, before building anything

World Generation # - Time to Crash
(~ = Around)
1 - ~40Mins
2 - ~25mins
3 - ~10mins
4 - ~30mins
5 - ~15mins