It appears as if Sony’s PlayStation 3 has finally been hacked ”wide open this time”. Hackers have completely torn apart the very few remaining lines of security and defense against running unauthorized code.
http://tbreak.com/tech/2011/01/ps3-hacked-for-good-root-key-found/
This has massive implications for Sony and PS3 users alike. Now anyone can use the root key to make authorized code. It opens the door to Custom Firmware, homebrew and piracy with no system modifications needed at all. No USB dongles, no mod chips, no buffer overflow exploits etc. Unless Sony has a trick up their sleeve this appears to be unpatchable. If Sony changes the key, it renders every piece of software out there unplayable.
Yesterday the first custom firmware was released. All it added was a couple of extra options for installing future homebrew releases. I decided to take the plunge and see if this worked as advertised. It was as easy as putting the file on a USB stick and choosing "Update via Storage Media" in the system update menu. The PS3 saw it as official Sony firmware and installed it without a complaint. The extra package installer options were there under the game menu. Everything else was exactly the same. I could play games, log into PSN etc. Reverting back to the official firmware was exactly the same process.
Aside from piracy, the biggest problem I see now is online cheating. With the root key, people will be able to rip apart the game discs and alter the code. They will be able to burn the altered code onto recordable media and still have the PS3 recognize it as a valid PS3 game. Alter a few variables here and there, and you suddenly have permanent cheats both offline and online. People won't even have to know what they are doing. I'm sure there will be websites full of premade cheats and patches so that anyone can just check some option boxes, click a button and voila, burnt game disc with permanent online cheats.
I'm excited to see what the homebrew scene can come up with. I'm also excited to see a Linux distro, that is not locked out of the most powerful aspects of the PS3 hardware. It's not a good thing though that anyone with 2 functioning brain cells will be able to pirate PS3 games though.