This is a far more effective hack than the PSJailbreak that Sony went after so fiercely. This new hack will let users run any software they want be it a pirated game burned to a Blu-ray disc or home brew software. Apparently, the hack works on any PS3 with any version of the firmware as well. Fail0verflow says that its goal with the hack was to allow Linux to be run on any PS3 in response to the loss of the install Other OS feature on older PS3s.
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