We are aware of this one and working on a fix. In the meantime, please follow these steps to get back to enjoying the game.
- delete the PS3 save file (if one is present)
- reboot the game and do NOT accept the 1.05 patch
- once you're in the main menu, you can then restart the game and accept the patch
The issue is that the save file is getting interrupted by the patch process. Once you have a valid save, everything is wonderful.
Hope that helps!