Bit of an urgent one here, our favourite hacker/ cracker Mr. Geohot has built on the exploit discovered last year and jailbroken the PS3.
Won’t babble on too much, you’re two clicks, one USB stick and a manual System Update away from filling Mr Sony’s pockets.
Video of the jailbreak:
Grab the the jailbreak zip, it wont run off your internal drive yet so be prepared to sacrifice that USB for a while.
Let the cat and mouse game commence!
Source: Geohot
j.
jairajmatharu's blog 