PS3 Exploit

[kataetheweirdo]

If haven't been around the news on the internet lately (and trust me, this has been spread like crazy), then you should know someone cracked open the PS3 and did a whole blog for it:
http://geohotps3.blogspot.com/2010/01/h ... atter.html

There's also a wiki that documents this a bit more:
http://wiki.ps2dev.org/

So what does this mean? More homebrew software for the PS3 (until Sony cracks down on the situation) ... and the possibility for an emulator!