This problem just started afflicting my E61 within the last few weeks as well. Unfortunately, I have not found any answer or solution in extensive Google searching.
What I did find, however, is that this is a *HUGE* and *SEVERE* problem!
My E61 had been the most amazing piece of telecomms gear I ever touched, until this malady afflicted it. The problem has several different symptoms, one of which is the continuously recurring WatcherMainThread error message. Another serious symptom is the partial or complete loss of SMS send and/or receive capability.
I have determined that the display of said error message occurs because a utility (in my case, SysExplorer) has been installed, which enables the display of system errors. Note that Y-Tasks also shows the same thread dying at the same frequency. Some users have reported a progressively increasing memory leak accompanying this problem; I have not specifically noticed that, possibly because I have rebooted the device so many times.
I can hear the recommendations now: reformat the device, upgrade the firmware, etc...been there, done that. I upgraded from v1.x to v2.x soon after it became available, late in 2006. I restored a backup onto the device from memory card, reinstalled the necessary apps, and had virtually no problems for a year. Suddenly, this problem showed up last month. I finally decided to break down and reformat the internal memory, and not restore from a backup in case something was corrupted, and the problem returned almost immediately.
I then decided to upgrade to the latest v3.x firmware, which I had not done before because everything worked so well (!). I did this about a week ago, again reformatting the internal memory afterward, and not restoring from any backups. I started from scratch with clean installs of all the apps I wanted, and copied the contacts from another phone. I believe it took less than a week for the problem to return. I have now switched my main SIM to a 6682, because I cannot accept losing text messages!
I think this is something more fundamental than simply an S60 3rd Edition bug. Wait, obviously it is, since the original post predates 3rd Edition! My searching turned up sporadic mentions of similar problems in earlier S60 devices, and even in UIQ devices. There are extensive comments about it affecting the E61, E61i, and some other 3rd Edition devices. It seems to be totally independent of carrier, as it spans continents. One user reported having the same problem with SIMs from three different carriers. Many have reported returning their devices for flashing and even replacement, and none of those measures corrected the problem more than temporarily.
I am extremely disheartened by this. Yes, my nickname came about because I have been a great fan of Nokia's products. The E61 was absolutely fabulous. That is, until this problem, which is apparently known to Nokia, but which has not been fixed. It may be a more fundamental problem in Symbian itself.
One victim commented that he changed his device to stop setting the clock automatically from the network after a reformat, and that it helped the problem. I have been puzzling over this...what kind of software failure mechanism (I am TOTALLY convinced that it is not hardware) could cause a device to work beautifully for a year, including accumulating nearly 2000 SMS messages, and then suddenly choke? More mysteriously, how can the same device then choke in a matter of hours or days after a clean reformat? I suspect that it is related to something like a buffer or register overflow because of the date being a larger value, or possibly some accumulating file or value which is not actually overwritten by a reformat (like the life timer).
Please, someone, find an answer to this problem, or at least let other people know that this problem exists! I don't want to envision a conspiracy to make a device become aggravating and unusable after a certain amount of time, prompting the user to replace it with something new. I would think that such a plan would backfire...I paid $500 for a Nokia device in large part because I had such good luck with and performance from previous Nokia models. It should be noted that, if this problem is not resolved in a satisfactory and timely manner, I may have to look elsewhere. In saying that, I am being far more generous than many of the victims in the various discussions I have found about this problem...