Now its has been confirm that PlayStation 3 is being Hacked by George Hotz, He wrote on his blog that he has win all the technical argument he had regarding this aspect. You can have a look at his blog which give you the complete detail information of this argument he had.
Previously we heard rumor that PlayStation 3 hack claims iPhone cracker George Hotz, Now its been confirmed by Geohot.
Quote from thesixthaxis.com:
“Today I verified my theories about running the isolated SPUs as crypto engines”, says Geohot, the guy claiming to have ‘hacked’ the PS3. “I believe that defeats the last technical argument against the PS3 being hacked.”
But mind you this detail is in technical terms which might be a big bouncer for you.