Sweep said:
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This is virtually 100% guaranteed.
Although the device doesn't actually work by booting off the USB dongle. Breakdowns of the device show that it only has 32k of memory so it probably only stores a key that activates debug mode.
So yes, the jailbreak is highly unlikely to work with anything later than firmware 3.41, and it should be expected that future games (particularly those high profile games like GT5) will require a firmware update before running.
Online detection of an activated debug mode will likely result in a console or PSN ban of some sort, meaning the jailbreak will only be usable for current games running firmware 3.41 in offline mode.
