Well its kinda like the days are over of PS3 to be called secure because of a true fact that, the hacker behind some of the iPhone jail breaking and iPod too is behind the Playstation 3 Hardware and is nearly finished with the exploit.
The exploit which he is talking about and is working on is not till yet done and haven't been released by him….
As of now the Geohot is kind of quite about the exploit and its usage and writing about it :
“As far as the exploit goes, I’m not revealing it yet. The theory isn’t really patchable, but they can make implementations much harder.”
Well lets see what happens when the exploit would be out and there would be fight between the sony and geohot on the security hole as he is also not sure about the whole thing that it could be patched or not.
In particular, he said, he would publish details of the console's "root key", a master code that once known would make it easier for others to decipher and hack other security features on the console.
On the other hand the sony officials are working hard to find what the George finded in the console. As of now they have said "We are investigating the report and will clarify the situation once we have more information,".
He says alot of reverse engineering have been left for him with the box to hack it fully.
Lets hop he finds the right exploit to hack the ps3. As it would be the first time after 3 Years and 2 months and some days that the Sony ps3 which is so know for its security is hacked successfully in which anybody can run pirated games and even modify them.
Hope For the Best ..