As RPadholic smartguy pointed out, OzModChips is selling a product called PS3 Jailbreak that allegedly…wait for it…jailbreaks your PlayStation 3 console. In addition to playing copied games, an open PS3 would support custom firmware, homebrew gaming, and more. Sony can’t be thrilled with this development and I’m sure its lawyers will do everything in its power to shut it down, similar to how Nintendo is waging war against the R4 “backup” cartridge for Nintendo DS.
That said, there are several useful applications for PS3 Jailbreak (if it works as promised). Developers that can’t afford extra debug units to play early builds of games get a cheaper solution with this product. Journalists (and verbal entertainers) that can’t get debug kits from Sony have a way to play early builds and earn preview money. While I’m sure that this product will be demonized by console manufacturers and game publishers, it’s not inherently bad.