At press time, Sony representatives said that they were still awaiting confirmation or a denial from within the company.
As gaming blog Kotaku noted, the hack may be tied to the fail0verflow group, which develops for the PS3 homebrew scene. "Homebrew" modifications to the console are akin to "rooting" a phone, where the user installs his or her own operating system, usually for the purpose of adding custom software. Doing so, however, usually voids the device's warranty.
The link for this article located at PC Magazine is no longer available.