Sony Playstation 3 is jailbroken at last! The
PS3 jailbreak was long overdue and we finally have an USB based plug n play modchip which installs in seconds, keeping your valid warranty seal very much intact. But then, all we have is a video, which does look genuine, but still not a proof enough to validate the claim of PS3 being jailbroken successfully. So take this news with a pinch of salt.

By jailbroken, we mean to say that PS3 has been hacked to play backed-up games without discs. Quite obviously this will result in hundreds and thousands of pirated copies flowing around the torrent sites. The system is called '
PS Jailbreak' and is apparently capable of 'backing-up' games on both the older PS3 Fat and the newer PS3 Slim retail consoles.
As
Engadget points out, for the fact that PS3 has been seen as the toughest nut to crack all these while, it is better to wait and watch if this PS Jailbreak stuff is for real. But then, the PS-X team say that they have personally verified and confirm the existence of this modchip.
Check out the video and decide for yourself