Despite the fact that you have been under a rock somewhere recently you will of course have heard of the latest PS3 hack. It has been posted all over the web with many calling a Master Key leak. Whatever updates Sony throw at the console in the coming months cam now be decoded and their secrets exposed. Understandably this is major bad news for Sony with it maybe meaning game over in their battle against the pirates. Read just a little between the lines and you get more of a background to why these keys were released the behind the scenes dealings that have been going on recently show the PS3 scene in a very poor light a state of affairs that hasnt changed from the Christmas that Fail0verflow and Geohot dominated the CCC conference. With such keys being so potent those in the know had already decided to never release them. News that angered the wider PS3 community greatly! That is until some Chinese hackers managed to nab the keys from them. With the keys they developed a new CFW and were in the process of doing their pre-sale hype over the forums. This is going to be another paid solution trying to make money from piracy. Something that goes completely against the scenes morals. Pre sales soon dried up though when the original developers begrudgingly released the keys for free. From here on we should see new CFW within hours of an OFW release thanks to these new keys. Something that benefits everyone.
New firmware releases from here on can be simply decoded and the hackers can then extract the online pass phrase something that up until now only a few people had the ability to do. So we can look forward to updated CFW for quite some time to come. Maybe we have seen the hackers finally win in the back and forth of hack then patch, or more likely Sony is already working on finding a way to stop this. One that started with the release of the original Jailbreak dongle. Lastly spare a thought for those poor PS3 Mod Chip sellers who now have over night lost their market.