PlayStation 3 (PS3) Finally Hacked

The title says it all! Who needs Geohot anymore? PlayStation 3 already hacked to run any game you want without it's original disk, no more disk, no more cashes! just A USB modchip for the PS3 to allow the dumping of games onto nearby storage!

Here's a video showing the little USB device working, and the PSX-Scene team say they have personally verified that it does what it claims to do, watch it yourself and tell us how do you like that?