Georze Hotz aka GeoHot infamous father of iPhone jailbreak announced that he hacked the Sony Playstation . GeoHot said he was working from 3 years, 2 months and 11 days in Playstation Project. According to GeoHot he got read/write access to the entire system memory, and HV level access to the processor. He also managed to dumps of LV0 and LV1 and the NAND without removing it or a modchip. Means you can flash the NAND without any hardware hacking.
The exploit has not yet been made public because GeoHot feared that Sony can update the firmware or launch a new layer of security to make it unusable. GeoHot also compliment to Sony for making hacking very hard on PS3 gaming console. GeoHot likely to post new updates on his blog, in the coming hours, days, or weeks. Stay tuned with us because lots of other information will be posted here as soon as he finishes.