Maxconsole have released a video showing VAST working:

http://www.youtube.com/watch?v=rjDu6c3WAB4

VAST is the plug and play memory card mod chip first mentioned in this thread. And although the guy in the video is using a very butchered looking PS2 (no case and switches hanging by thier cable), the VAST mod memory card definitely looks like the real deal and works just like a proper mod chip.

They have also posted a video showing a prototype of another memory card mod chip in action.

http://www.youtube.com/watch?v=XogKE-pGkMM

The only query regarding this one is mention of patched game discs. I hope this isn't the case as it won't make this memory card mod chip as popular or useful for all of us who currently use unpatched games and proper mod chips.

At least this video does show both seem to be real and working.

There is also a big rumour going around at the moment that the developers of VAST will be releasing FreeVAST straight after the card. This will be a software one version which can be used to turn a normal PS2 memory card in a VAST card. This will be even greater if this is true. I wonder if this is using a similar exploit to the recent PSP Pandora battery method.

It's all looking great. Everyone is also hoping these will work on the PS3. If they turn out to then we can expect huge sale increases of the PS3 over night. Who ever said piracy hurts console sales!