A number of users have been experiencing repeated 'Centipede' errors and are unable to log in. We are working hard on a resolution to this issue, and hope to get it fixed soon. Thank you for all our patience, and [i]All Hail the Sacred Centipede[/i], he requires many sacrifices upon the alter of networking to sate his hunger.
I've already posted in other threads about the centipede issue but figured I may as well post here as well that I've been stuck with this problem since saturday the day of the iron banner event. Other people are saying it could have something to do with using the vault to transfer items which I had done too. Also, I play on PS3. Hopefully this helps you guys at Bungie fix the problem so everyone can get in on the event coming this weekend.