9-4-10: Initial release.
This might be old news for some, but this might be good news for many. There is a device called the PSJailbreak that allows the user to run homebrew applications. Even more importantly, it gives the user the ability to play homebrew games off the hard drive. So for example, it can copy the blu-ray game to your hard drive, and then you will be able to play it without the disc.
Before you get too excited, the price of this is $175 USD. Even more interesting, Sony caught word of this and has already told the Austrailian modchip store that they cannot sell the modchip, and now they are going after USA retailers!
The good news is that there is another clone(s) in the mix and it is called PSGroove. The source code is open, meaning that anybody can use it, and Sony can’t sue anybody. However, the code does not let you play backed up games, but its possible someone will use it for less than legal purposes.
To catch up on all the PSJailbreak news, go here.