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If this update is about jailbraik lockout and that is the approach they decided to take, this is going to be a very tough battle for sony.

The future of the Jailbreak hack is not in the hardware (usb dongle) but the software behind it which is going to be upgradable.

All you need is something like this for example - http://www.avrusb.com/ 

One can buy a basic USB dev kit chip like that, which can be programmed with the PS3 Jailbreak or any homebrew software and keep upgrading the Jailbreak software hack as Sony updates the PSN.

Its going to be a tit for tat kind of war between hackers and Sony. Sony patch something, hackers have a new Jailbreak firmware in a week or two. Sony may eventually have to start banning consoles...