If this video is legit and the news is correct, the PS3 can play backups from HDD or USB with the Ottom@n Team PS3 loader. To be released 9 September.
That's pretty soonish, so you all will know if it is the truth or a lie within a few weeks... If it's true, Sony has a huge problem. BluRay isn't the problem at all, so that copyright protection is pretty useless.