I wouldnt worry too much about piracy, GeoHot was unable to get the decryption keys. He was also unable to do anything with game mode, only OtherOS mode. Nothing so far has the potential to allow PS3 to run unsigned code in GameOS Mode. Without GameOS Mode, there is no decryption, thus no BluRay discs will play. Unless you somehow got a non encrypted version of a game , which I am pretty sure is almost impossible.
He may well be able to retain OtherOS support with custom firmware, but I really do not think we are any closer to a real warez community on PS3.










