German Gamefreax claim to have reverse engineered a testing PSJailbreak device. They say this exploit is based on emulatingof a USB hub which gets virtual devices attached and unattached at certain points during the boot process.
Among those emulated devices there is also one that uses the ID of Sony’s JIG module. Anyway Gamefreax claim this hack is based on a self developed exploit. Dumped files that might support this claim are not available at this moment…
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. Even if you could afford a blu ray burner you cannot backup PS3 games currently.
The interesting point is: this chip is platform independent and can also be installed into Nintendo’s Wii or Microsoft’s XBOX 360. Since we don’t know for sure about the legal situation for such a mod chip in our beloved Germanistan, we will not include any links in this article. You know how to find, otherwise you would not be here ;-) Thanks for your understanding.