New PS3 firmware hacked in less than a day

Actually, I think the interesting point is all the theory and practice around secure systems is pretty sound but one very simple human error can cause it all to tumble down. I imagine just have one or two more eyes on the problem would have caught this and then the PS3 would have remained secure.

It seems unlikely; if they're not seen as doing something to fight piracy on the platform, even if that something amount to throwing some money down a hole, they could see publishers abandon them, which would cost them more money in the long run than paying a couple of firmware devs to play sisyphus.

You seem to be missing "Business 101" --The continuous cracking-fixing-cracking cycle results in press coverage and hence, free advertising for Sony as well as making the product more desirable to some fraction of potential buyers.

The problem is, most of the revenue is made from licensing to game producers rather from console sales, so unless there is some token effort to keep the console "secure," the real revenue stream would disappear.

You expected them to add a feature like that overnight? That's a pretty big thing to hack into the firmware.

I believe that AsbestOS (http://marcansoft.com/blog/2010/10/asbestos-running-linux-as... seems most authoritative) is what you're looking for. It's early; you need to netboot a PPC linux kernel, but that blog post mentions pretty much everything that you need to do to get linux running in GameOS. I can't find anything about a root-key signed version of AsbestOS that allows booting without the USB hack, but I could have sworn that I had found it earlier today. Maybe somebody else can give a link?

Wouldn't it already be full of cheaters using the PC version?

CoD on PS3 was full of cheaters before the console was "hacked" through manipulated saves.

They can't just ban accounts off PSN now?