I don't think it'll be as bad as PSP piracy due to filesize, as said above. But also online gaming - as if pirates can't go online with the console (Which I understand is something they can at the moment, but Sony are able to implement?) that's alot of games wasted.
I think where they'll be hurt most is in countries like Spain and Eastern Europe where they literally sell pirated games / hardware in the shops at retail, could really hurt software there, which unfortunately are countries Sony still seemed to have a pretty strong grip over.
We'll see how this all developes I guess - I've already seen people on my friends list playing SNES / Genesis emulators. It certainly sounds bad for Sony, but every other console out there has all it's software avaliable for pirating - I guess the question is whether the fact the PS3 has been hacked 'more' will lead to more severe consequences.
