If you mean the Temporary Restraining Order, I think Sony would be hard pressed to show the irreparable harm that would result in the next ten days.  If you mean the injunction overall, I'm less sure: the DMCA in particular has some provisions that really favor copyright holders.  I'll have to check the laws they're citing here.

I assume some sort of program is involved, haven't been up to date with the modification community. So basically the distributions of the tools to hack (whether that be a Chip or Software). 

I freaking hope SONY wins. It's about time someone stepped up and bring these pirates to court and make them PAY.

Well if it makes you happy, Nintendo made someone pay big time in Australia, but that was specifically piracy not homebrew. 

If this is the method I'm thinking of, I believe all you need is to know the "random" number Sony used to protect its software, rather than having to actually hack into the system proper. 

Again, in a legal sense they're not pirates.  Not even close.

I guess the grey area itself has more grey area. Oh well, I don't go against doing things to your own product, and really don't hold a grudge against piracy. 

I am perfectly aware you can have some fun applications with this..however within the last few days we have seen several games already being pirated and played thanks to this hacker/s. Heck I saw a video of a ps3 playing Donkey Kong, this is in no way good for the industry, especially in these horrible economic conditions WW.

the analogy you provided was overly simplistic and as you said imperfect. Let me use the same line of thought and give you the opposite end of the outcome. A guy distributes weapons, which he made without permission, to the masses. You can definitely use it to defend yourself, shoot a fly and enter the guinness and be famous BUT this will lead to more harm than good. As yours this is by no means perfect. But like I said for a few neat tricks I won't support piracy, doesn't matter which console it is.

h/e sadly I don't think Sony will win this either. Most probably they will take the guy to court for so long and make his life miserable. But I doubt it. But I do hope they win tho

You mean that Australian guy who was distributing illegal copies of NSMBWii? Yea i remember that one, i wonder if he paid the 1.5 million dollar fine or was simply thrown in jail.

Regardless he suffered from "crimes", but that was a case of piracy not what this is. 

Also he most likely had to declare bankruptcy... or something, I doubt private law fines can result in jail time (could be wrong).