from current DMCA

Video games accessible on personal computers and protected by technological protection measures that control access to lawfully obtained works, when circumvention is accomplished solely for the purpose of good faith testing for, investigating, or correcting security flaws or vulnerabilities, if:
    â–ª    The information derived from the security testing is used primarily to promote the security of the owner or operator of a computer, computer system, or computer network; and
    â–ª    The information derived from the security testing is used or maintained in a manner that does not facilitate copyright infringement or a violation of applicable law. (A new exemption in 2010.)

part two there is most importnat as long as these guys themselves were not ripping it off all is good

they may try to get it under EULA, but DMCA freedoms should win out. due to the computational power of the PS3 it is classified as a computer during import and export, as has been the case since the ps2 i believe

Has anyone even considered the Apple Iphone jailbreak case at all?

lololololol omg lololololol ..... dude this is soo funny..omg lolololol

It should be, yes.

EDIT: We are talking about console emulators correct?

Holy shit I had no idea!

Key word there is SHOULD (even though I disagree with it)

However, the law is on his side in this one.

Thank god they are letting me write still from my jail cell.

I still find it crazy how many people are supporting Sony in this..

Its brand loyalty gone absolutely batshit insane!

you lie, according to google search this is chocoloco:

http://c1.ac-images.myspacecdn.com/images02/7/l_958fe5e83db44743a96269d8534cdd54.jpg

Indeed, too bad you'll be getting death sentence :(