George "Geohot" Hotz releases a video showing homebrew software running on a jailbroken Ps3 using a modified version of Firmware 3.55.

Hotz, who is known as one of several hackers that cracked the iPhone's security, decrypted "root key" for the PS3 and posted Online. While Holtz has no regrets about doing this, he has emphasized publicly that his hack is intended to enable homebrew software (and the use of Linux), and not for enabling piracy on the system.

Check out the video to the left.

Source: [URL=http://www.computerandvideogames.com/article.php?id=282602]C&VG[/URL]

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