Chameleon over on the DCEmu forums is reporting that he has already decrypted the just released 3.50 firmware. He notes that it probably won't be too long until an open edition custom firmware is released...
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just like i said this morning when i read the news of the 3.50 being released, it wont take to long until Dark_Alex releases a custom fw prob gonna be called 3.50 OE-A
.....Damn......
With Linux and a non-proprietary HDD onboard, there's really nothing to keep hackers from doing what they want to the PS3 ; great for hackers...bad for Sony. :o