Someone has finally hacked the PS3! It has taken them a very long time, but they have finally managed to hack into the PS3 to gain full memory, CPU and HDD access.
You can read more on their blog at http://geohotps3.blogspot.com/2010/0...im-geohot.html
It's still early days but a promising start. Homebrew and emulation on the PS3 could be with us soon.