SERIOUS UPDATE HERE
I HAVE (repeat) HAVE SUCCESSFULLY REPAIRED MY PS3 HDD!
Using the Seagate software 'Seatools' I was able to fix the problem within the original hard drive. I also have lost NO (repeat) NO data other than the last save it was trying to make, because it was what corrupted the file system.
I was playing GT5 and in the middle of backing out of GT Auto the power to my house went out. It was only out for a few minutes, so I turned the PS3 back on. Message pops up, "The hard disk drives file system is corrupt and will be restored." Well it goes through the process of restoring, completes, but loops to the same message. I tried it at least a dozen times. Then I hit the forums. After googling that exact phrase, I got all kinds of links and after an hour come across one lonely post, somewhere on these lonely forums, about using Seagates software 'Seatools'. I had heard about the software before, working in the electronic industry and having nerdy friends, but I didn't think it would apply to the locked down, proprietary PS3 format. The post didn't get any responses (it had plenty in the thread) and the poster only had 3 posts to date, so at first I was like "nah" no way that works. So I looked around for another hour or two and said screw it I'm gona try it, nothing other than re-formatting the drive, losing all data, was the only other solution. That was not an option, since GT5 had not allowed copying of the save game data. Well after downloading the software, installing the hdd in my pc, and running the software "short test" it failed. After that I ran the "long test" and it found 5 bad sectors. Just my conclusion. Well it asked if I wanted to fix them, "YES! PLEASE" I shouted and clicked the repair tab, it ran another test or two and BAM, it said PASSED. Now I'm thinking there isn't anyway that fixed it. Well I shut my PC down, took the drive out and back into the PS3 it goes. Turn on the PS3 and the message again, "The hard disk drives file system is corrupt and will be restored." Dangit! Ah well, heck hit the OK button, goes to 100% and..........A Big Fat Sony logo pops up. Wait it didn't do that before. Then the language screen pops up, selected English, then the network settings comes up, configured. Next screen says, there is user data on the hard drive that has been restored. It listed all 6 of my users below, with asterisks out to the left of the name. Now I'll say this, I was just waiting for the thing to just shut off and never come back on, but no, it is on and working like it did before. Granted, there are asterisks beside the names and everywhere they show up. All I can say is man it feels good to not lose my 859 "game days" of GT5 and countless Black Ops hours, along with everything else my DUMB butt didn't back up. First thing I did was download the 1.05 update for GT5, which allows the saved data backup and back that puppy up pronto! I didn't care if the whole PS3 blew after I got that save (I have another one downstairs) backed up. All is right in my world now!
So, for those of you that were nay-sayers, hounding me to just wipe, I say I'm good, and I'm playing GT5 right now (at my level 26) and haven't lost anything. Not even the last car mod I made.
And for those questioning what to do when you come across that message, don't hesitate to follow my directions. Now of course I am the only one that I have found posting that this worked for so I can't say it will work every time. But, if it doesn't work, you're gona be in the wiping category anyways so it is definitely worth a shot. It is very easy as long as you're comfortable opening up your PS3 and a PC tower. You also must know how to burn an ISO image onto disk. Google it, that's easy. Other than that it is simply follow an on screen GUI within Seagates software and you're on your way to salvaging your game saves.
Mods: If this is confirmed anywhere else in here I apologize for the post, but I sure as heck couldn't find a single post about this method, nor it working. If you need and would like to put this post in its appropriate place have at it.
PM or reply for answers to your questions.
DONE! You're correct. All I cared about was that thing booting for one little hour so I could download that new update that allows for me to backup my GT5 game save data. That part my friend is done. TWICE! Also have a new drive on the way, i just wasn't giving up on that one yet. It could break down right now for all i care
P.S Not a full expert on hdd but a 60gb hd should have somewhere in the 50-60 million sectors range. It only had 5 bad and plenty unused. I'm not putting my faith in this drive just taking note. Backups are my friend!
I had to do a ps3 restore because of this i am quite angry about it................ i was playing gt5 and was trying to buy racing soft tires for one of my cars and my ps3 froze up and nothing i did would unlock it and the power button did absolutely nothing so i had to kill my surge protector to shut off the power and then when i turned it back on it was "corrupted"........ now i have to completely restore all of my !@#$ on it