Posted By: wraggster
Mathieulh one of the hackers from the PSP Scene has posted this article:
To the people who wonder "If the ps3 is hacked, why don't we see homebrews yet?" As far as I am concerned homebrews have been achieved since Sony allowed people to run code from otheros. Regarding the playstation 3 being 'hacked', yes it is hacked in a sense that you can run unsigned code with full hardware privileges on the console. But then why is it not wildly used ?
Well the hack itself isn't suitable for mainstream users, it is not easy to use at all, besides even if it was, people wouldn't get much more than what they already got from their linux running on otheros. Moreover if people want "Game os homebrews", lv2 would have to be patched, although this can be achieved doing so WILL take time.
Then you might wonder what's this Geohot hack for? Who does it benefit?
Well the answer is reverse engineers and developers who can research the playstation 3 system to look for additional exploits or gather additional technical knowledge about it.
http://www.maxconsole.net/content.php?38903