iPhone hacker geohot has hacked the PS3. He’s famous for hacking the iPhone and iPod Touch. His method is the quickest and easiest for all models to Jailbreak them. He’s now started messing around with the PS3 and has confirmed that he has hacked it. He has gained access to read all of the system as well as write to it.

He’s now released the exploit for others to try, to see where they get with hacking the PS3. So it’s very likely we’ll soon see homebrew on the PS3 and possibly the ability to play back up games.