A new video surfaced recently, touting the announcement of a portable USB drive mod for the PS3. In the video, a USB flash drive is inserted into a PS3 after the disc is removed. A short while later, the flash drive lights up, and runs perfectly — without any disc whatsoever.
The PSJailbreak was created in Hong Kong by an unknown hacker, and they have a website as well.
It requires a USB dongle and software installed to work on all fat and slim PS3 models.
Rumor has it that the PS3 in question is a SDK unit. There are no videos showing the USB flash drive working on a retail model as of yet, despite claims that it indeed does. However, it should be noted that many sites are claiming that it works, and the testimonials are mounting.
Sony has yet to issue a statement on the hack.