The PS3 has been one of the most secure gaming devices, lasting well over 3 years before it finally got hacked. Geohot, of iPhone hacking fame, first cracked the PS3 and has now released the hack into the wild to see what others could do with it. It will be interested to see how quickly homebrew software becomes available now that it is possible.
Hack The Planet
Because if you don't, who will?
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