News over the weekend that iPhone hacker George Hotz has "hacked the PS3" has been met with shock, surprise and incredulity. Sony's console is undisputedly the most secure games machine ever made, yet Hotz claims to have achieved a full hack in just five weeks. PS3's security fail is generating incredible interest both inside and outside of the games industry, to the point where an interview he gave to the BBC became the most popular news story on the site last night.
However, despite the level of publicity, it remains unclear what the ramifications of the hack actually are: whether homebrew coding can actually be enabled, whether the deliberately hobbled implementation of Linux can be improved and - crucially - whether Hotz's work will open the door to piracy. It is interesting to note that despite the many claims, right now there has been no "hello world" homebrew code executed that typically demonstrates that the hacker actually has full control over the system.