Here we go...

KaKaRoTo's Twitter

First CFW working. Grab http://bit.ly/hszcH3, then "./create_cfw.sh PS3UPDAT.355.PUP CFW.PUP". Permanently adds "install pkg files" menu. 38 minutes ago via web

@josuaarzensek custom firmware is what you want it to be, you run the script on 3.55 OFW and you get 3.55 CFW

In Action...

Amidst all these hackings... why is a custom firmware necessary?  You don't need one to run un-signed code when all code can be signed now...

He earned my respect for not allowing piracy in his firmware. 

Its a bit sad how Sony is at the mercy of its consumers' moral guidelines. 

Even though we can now run our signed apps, how do you want to copy them onto the PS3? A CFW with a PKG installer seems to be the easiest solution.

@Neraid:

The CFW does not allow piracy directly, but somebody will code an ISO loader eventually. They're only missing one or two code lines in lv2. In fact, even the Jailbreak loaders would work if they would be slightly reprogrammed.

Warning... CFW damaging PS3.

http://www.neogaf.com/forum/showpost.php?p=25233449&postcount=3752

Don't update yet... and it's impossible go back to OFW.

seriously who would be so stupid to upgrade their precious PS3 to the first CFW that's available ?

"My SaveData is gone, same with trophies and data Utilities

as opposed to us being at the mercy of Sony's moral guidlines?

How do what? There are nothing illegal or about piracy here.

Ya if this was ISO loader for the ps3....he would be in trouble.