The theory of the hack is not patchable:
George hotz:
"As far as the exploit goes, I'm not revealing it yet. The theory isn't really patchable, but they can make implementations much harder. Also, for obvious reasons I can't post dumps. I'm hoping to find the decryption keys and post them, but they may be embedded in hardware. Hopefully keys are setup like the iPhone's KBAG."
Just to make clear: "Took 5 weeks, 3 in Boston, 2 here, very simple hardware cleverly applied, and some not so simple software."
5 weeks! He is not the nomal hacker if he really made it in in 5 weeks what in 3 years noone could make.
Americans could be a little proud if he made it because all the russians chinese indians europeans and so on where not able to do it.
If Sony is smart they will give him an Job.
As far as the news goes they arent from Sony and I really doubt that they are real Sony would never make a statement. The News are probably from some jaleauos hackers which didnt make it.
Sony probably knows it and yes this man has a name maybe they pay him attention due to the fakt that he was already at CNN News and is some known because he hacked the Iphone noone else could aslong as he made the first step.
I think he made it because of the challenge. to proof he is the best. his Intentions are not
to harm Sony but to make linux homebrew and full use of the PS3.
One thing is sure the Ps3 will probably lose its Internet abilities. Because of mandatory FW Instals.
The Ps3 was build around security. So maybe this hack wont be practicable for everyone.
And atleast one good thing could come from it maybe Sony will release the 7th SPE for programmers. At the moment the 7th SPE is there just for security and runs the Hyper visor. And has all the keys. If the 7th SPE will be released for Developers then they can make even better graphics.
I would wait for the next weeks. It probably wont be as bad as many think. Sony has possibilities to secure the PS3 again.
Even if this exploit is released I think it will be hard to hack the PS3. And ISOloader will be hard to implement sony can release patches for all games which are mandatory to make sure Bluray based games cant be played from the HD. Plus absolutely no online It will never reach a similar magnitude like on the WII or 360.
But the best thing is Sony can buy him and let him design a new security system for PS4 and there are no other hackers out there on his level which are active so no threat from there.
I am optimistic the PS3 will still be a fortress. I mighty buy a new one and run it as Linux system with the full GPU/CPU Power and game on the other one.
This would make all 3d games possible I think N64 Emulators WOW and maybe even Dolphin is possible and PS2 Emulators. The whole Homebrew scene is looking forward to it to become a such powerful and cheap hardware. With custom FW it could be possible to install Linux on Slims. Some mentioned even that MAC OS X can be installed on it then but tbh I dont believe that. I listed what I have read so far But lets see how this thing will develop.
And aslong as there is no exploit published he could be wrong afterall.