It’s been a long time coming, but the video above shows a modchip circumventing the PlayStation 3 security by running a game from a hard drive. The sites Ozmodchips.com which sells the modchip, and psx-scene.com which has confirmed them as working are both unstable right now due to heavy traffic. But here’s what we know. The device is called the PS Jailbreak and can be used to dump PS3 games to the hard drive of a PlayStation3 running the most current firmware (3.41). Dumped games can then be played from the hard drive by selecting them from a menu that the modchip spawns. It’ll cost you though. The current preorder price is $169.99 AUD or $147.47 US dollars with a projected delivery date of August 27th.
[Thanks Charlie via Slashdot]