It's starting to seem like spring 2012 might just be best thought of as bug season.
Assassin's Creed III: Liberation, the PS Vita handheld companion to Assassin's Creed III, has a nasty save-corrupting bug hitting some players. The issue, as reported by players on Ubisoft's forums, is corrupting save games and causing players to lose their progress. As shown in the video above, players affected by the bug essentially get stuck in an endless loading screen, forever trapped in the Animus.
An anti-gravity alligator is one thing. Losing the entirety of one's play progress, though, is another.
Assassins Creed Liberation save corruption bug [Ubisoft forums]