It's been a while since I posted anything about hacking on the PS3, since Sony forced people to update to 3.60 to play on PSN, it's really been useless to hack.
But all that might change now, Rogero, a hacker, has released LV0 keys. This means absolute access to all the PS3 encryption keys, full root access, and even future custom firmwares that should work on PSN.
I'm scanning various websites right now to see how it's done, and it's not easy, it's quite technical and complex, and could render that PS3 useless.