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So the playstation 3 being one of the best console systems had remained unhacked for “3 years, 2 months, 11 days…thats a pretty secure system” according to geohot. He has managed to hack hypervisor and has read and write access to it. I would estimate he will start a ps3 jailbreak type of thing here soon and this could be a very exciting year for ps3. Read more about this here