Spanish-language site Megalandia has reported a new PS3 homebrew project called MegaBox. MegaBox is similar to a media center, similar to the XBMC on Xbox 1, fully functioning on the PS3.
The MegaBox has many cool features that any PS3 owner would find interest in such as VoIP, P2P, TV, Movies (Including MKV), and much more!
The best part is the program will require NO INSTALLATION, and would be OPEN SOURCE (based on FREEVO). In layman's terms, all you need to do is pop in a CD/Flash drive with the program and anyone can enjoy it without too much problems (no need for linux either).
We have a small tutorial and the beta file if you are interested in trying this. Please note that it is very buggy at the moment and this is a BETA version.
Installation (easy way):
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1. Install the Petitboot Loader
2. Burn the ISO (from the dl link) as image on a cd
3. Start petitboot loader
4. Put in the cd
5. Choose CD icon with petitboot
6. Start the second icon
7. TADAAA... works
Note: This beta release does NOT work with HDMI outputs.