http://geohotps3.blogspot.com/2010/01/hello-hypervisor-im-geohot.html
Really amazing how smart this guy is, first as a High-School kid he hacks the iPhone, and now as a Sophmore has hacked the "unhackable"
This may lead to pirated PS3 games, but because they are blu-ray, i don't think it's likely.
PS3 games are quite large files, multiplats are around 15-20 gigs each(uncompressed audio makes them larger than their 360 counterparts) and Exlcusives can be upwards of 30 gigs(uncharted 2, MGS4)
Apparently he can play Ps2 discs on his PS3.
Discuss!