1. The only worthwhile homebrew I've heard of for the PSP are the emulators for other consoles, like NES and SNES.
2. Not sure what they can do to protect games and content on the PSN store. We'll have to wait add see.
3. Although failoverflow stated that their sole reason for hacking the PS3 was to restore OtherOS, it's quite obvious that they did it mainly for the attention it bought to them, and the recognition. Geohot on the other hand, had been trying to hack the PS3 long before the removal of OtherOS. His intentions have always been to open the PS3 entirely to allow for homebrew.
4. Hopefully Sony will somehow be able to identify the people running custom firmware on their PS3s, and console ban those machines from every accessing PSN again.
5. "Why aren't developers more proactive in countering this?" Up until now, they didn't have to worry about piracy on the PS3, so they didn't bother to include any anti-piracy measures. However, now we may start seeing developers implement some of these methods if Sony can't get things under control.
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