Just sharing this news. I know there are lots of interested istoryans waiting for this moment. Tested and confirmed by several testers and from one of the most reliable Playstation homebrew sites PSX-Scene.

Morag medyo mahal pa lang kaayo ang presyo. Now PS3 owners can play homebrews, emulators, backups and do other stuff on their PS3s

You can read the details and the video links from PS Jailbreak - PSX/PS2/PS3 Scene Newz