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I've had an issue since the update with any video taken and written to the micro sd card producing 'cannot play' The meta data is there but the file size registers as 0k.
@metalbox
Could you try a different SD card, it might be corrupted.
Settings > apps > all > video > clear data > restart the phone.
Check on safe mode
http://talk.sonymobile.com/t5/FAQ/How-to-boot-your-phone-into-safe-mode/m-p/348008#U348008