Obviously notorious George Hotz has managed to get all 7 SPUs of the Playstation 3’s CPU under his control. This means although he cannot access the CPU’s root key, he now can decrypt everything that’s going thru these SPUs like datastreams of (encrypted) commercial games.
The PPU is higher on the control chain then the SPUs. [...]

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The first mod chip has been released a couple of days for the Playstation 3 (PS3). It allows installation of any firmware revision you prefer for your best gaming experience, means you can up- and downgrade to whatever firmware you like (see video below). And no: it does not allow playing backups of your games. [...]

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