Fixed it!
I had a "speed stall" error on my ps 300 today. I took the shroud off of the front and looked for a speed sensor. I found it on the left side of the machine, on the driven motor pulley. I rotated the pulley until i found the magnet. I cleaned off the surface of the magnet and the sensor. I then moved the sensor closer to the magnet. I fired up the treadmill and recieved the same error :(. I then got out my volt meter to see if the sensor was working, and as i rotared the belt, i saw a 0.3vdc pulse from the sensor, indicating it was working. Assuming the pulse was too weak, i moved the sensor as close to the magnet as possible without crashing, then fired up the mill and it worked.
Mburns
January 2012