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I think you guys are blowing this out of proportion.

Sony will obviously do what they can to cover this up by the next firmware.
And it's different then with the PSP. I don't know many people who are willing to risk a $400-500 machine trying to exploit a hack that isn't even that fool-proof at this stage.

Unless hackers manage to go further with this, it shouldn't have a noticable impact.

EDIT: I just realized, what's the point? PS3 games take up a hell of a lot of room, you'd need a huge HD, and be willing to delete games periodically. Not to mention the lack of PSN play at all.

Ehh, have fun hackers, isn't the most logical thing in this case though.