IRC member c4pt from PS3HAX has just managed to get the Other OS installer working on his Jailbroken PS3. He is making fast progress in enabling Other OS on our Jailbroken 3.41 PS3's...something that Sony has taken away. But as for now it wont load anything. When you try to run the installer you get this error. Below is an image of what is shown.
So far, he can launch it and loaded but now needs to find a way of re-enabling the hidden menu option for the Other OS!
Ever since the release of PS Jailbreak clones such as PSGroove, there has been a steady flow of homebrew, advances bringing back features and opening up new ones. Kudos to all developers!