To say it has been a long time coming is surely an understatement. But regardless, it has been a long time coming! Sony has done a masterful job at securing their console against hackers. We all know that absolutely nothing is "hacker-proof". But in the case of the Playstation 3, "Hacker-proof" may have been a great way to describe their system as it has taken nearly 3 years for anyone to even make any headway in the area.
So as of late August a company who creates modchips for consoles has developed a modchip to circumvent the security of the Playstaion 3 and load a game from a hard drive. As of this writing, the PS3 is on firmware 3.5 and this modchip hack has been proven to work on the previous firmware only which was version 3.41. We are still awaiting word if this can be done after the upgrade to 3.5. Because apparently 3.5 was mostly pushed to the systems because of this modchip hack and a rumor of yet one more hack that was supposedly out there.
The modchip runs at a hefty price of about $147 dollars US. You can find the modchip as well as more information on their site at the url: www.ozmodchips.com
But stay tuned to AU because I will be following the developments of this story closely because I have a deep interest in this area, So if anything pops up about this or other working hacks you will hear it here first!