If you want to 'hax' your ps3 _yourself_ fine. Do with your hardware as you want. It is _still_ illegal to distribute the method you used to others. It is _still_ illegal to buy/sell mod kits.
Geohot is nothing but a limelight whore who wants and is getting attention for his crap. Call em hackers or 'security researchers' they do not have a right to screw people, which is exactly what they are doing to PS3/X360/Wii owners.
Lets not forget that the PS3 is not the only thing that's been hacked. Until the most recent update modern warfare 2 on X360 has been highly unplayable online.











