Before I get to the news in the title, here’s something interesting for the week. Folks at PSJailbreak have announced that they have been successful in jailbreaking into the latest PS3 firmware version of 3.42 and 3.50. The hack is enabled using a USB mod that will enable users to install unapproved software and games to their PlayStation consoles.
If you have jailbroken your PS3 using one of these softwares, it is now also possible to downgrade your system to an older version of the firmware. PSJailbreak have now launched a sister-site called PSDowngrade.com that will assist the user in downgrading their Playstations to an older firmware. The hackers claim that the downgrade process is very easy and intuitive and will take less than a minute to carry out. So there you go.