http://psgroove.com/content.php?581-Sony-s-PS3-Security-is-Epic-Fail-Videos-Within&s=31e490494dcf1623127e1c41cb25e614

New crack method works on current firmware, doesn't require dongle, and the private keys have been foundso anyone can have signed SELF files.

Watch the videos of how it was done. They are awesome - Sony made huge mistakes in the design of the security measures.

EDIT: Specifically watch this video.

http://www.youtube.com/watch?v=84WI-jSgNMQ

Seeing as it took this long to crack, I highly doubt Sony made huge mistakes in it's design. It took over 4 years to crack. Compare that with nearly every other system ever made; those were usually craked in just over a month.

now, we have to through another software update

It's more of a popularity thing. If the PS3 dominated like the PS2 did it would have been cracked long ago.

how does that explain the Xbox, Gamecube, 360, or PSP?

Watch the part 3 video. You'll see.

http://www.youtube.com/watch?v=84WI-jSgNMQ

It's just that people didn't know it was that bad so they could attack at the weak point.

@psrock

Can't be fixed by software update.

@ "but it took so long"

Their argument is that it wasn't a big target until Sony stopped you running LInux on it and that got the big hacking teams interested because Linux is the main reason they hack things.

Exactly. I know that Soleron probably wet his pant hearing this, but Sony made an amazing job when it comes to piracy protection. More then 4 years down the road, I doubt that even if pirating games will be easy in the near future, it will  effect software sales . If anything it could help the hardware installbase in poor countries

they still cant pirate games, not completely cracked... not even close lol They also cant run PSN on it 

Yeah right. there are 45 million PS3s out there, and only now they managed to hack it properly. Well actually no, untill I see some real apps, this is useless. Dont try to feed me that. No matter what the reason is, they still needed 4 years to find cracks in the PS3, and I doubt that there wherent interested in what many considered the most powerfull console.

Bolded: who cares? dark alex managed to crack every PSP system firmware in less then 24 hours after release. Now he was a good hacker. These guys... slackers I tell you

TeamTwiizers are also going to announce something PS3 related during this conference, it'll seriously piss them off if these guys have stolen their thunder and they were planning to announce the same thing lol