QUOTE(DTR1 @ Aug 19 2010, 12:19 PM)
I have been patiently waiting for something to come about but I have to say that I will remain skeptical until I see it confirmed here. I am not so much looking for playing games but home brew and removing the restrictions of the media player. I had a PlayStation one with the card and spring trick way back in the day. Then it was a modded xbox with XBMP. I am pretty sure that XBMC will have no interest in making a port for the PS3 if it is truly hacked. My PS3 has never had an update since Oblivion was released in hopes that someone would figure it out.
Indeed. This seems to put the console in some type of debug mode. If it does then this should open the console up for full homebrew.
Biggest issue I can foresee would be that a PS3 update will soon kill this exploit. At this time ether there will need to be a firmware update for the PS Jailbreak or online use of the console will be ended with the PS network and go a separate rout of homebrew and backups only.
Or even better yet if this ends up allowing access to the kernel then maybe a custom firmware like the old PSP days that can get regular updates that will match the official ones.
Who knows only time will tell. But at least it is a start of something wonderful I hope.