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slowmo said:
They'll struggle to find anything until the hack is public, by then it could be too late to stop it. Older none updated console prices might suddenly rise on the second hand market though, guess my 40GB isn't getting updated for now (don't play on PSN much anyway).

If there is a vulnerability its there because Sony don't know about it, they're unlikely to find it without any info of the hack getting made public.

I agree with your point.

Usless the hacker reveals the software that hacks the system it is not possible for the public to make use of it.

If he never reveals it then it's all theory.

The instant the software is released Sony can implement a patch.

If it is the same guy that hacks iphones then Apple fixes his hacks in a couple of days...sometimes less.

Apple also made a statement after one hack that it only affects an older version of the iphone OS so all that is necessary was an update that was already released.

Expect a massive rise in PS3 sales if this turns out like the x360, which I doubt it would.

We don't even know exactly what the hack does and what versions of PS3 software is affected. For all we know this hack could be only work on two or three year old PS3 software (as you very correctly pointed out).

I doubt there will be many of those that have not been updated lying around.