Developer naehrwert, with help from oct0xor, published today technical details on the reverse of the True Blue dongle. For those who don’t know what the True blue dongle is on the PS3, I posted about it a few days ago.
That dongle is closed source and extremely well protected against reverse engineering. It seems naehrwert unfolded one layer of the system, by understanding that the True Blue code runs on an obfuscated virtual machine, probably to make disassembly even more complex.
By revealing part of his work, naehrwert is giving people hope that open source and free solutions might come soon, but this is a double edged sword. First, it is clearer every day that the people who created True blue are no amateurs, and will find ways to leverage this info to protect their system even more in further releases. Second, some people fear that the securities on True Blue, even though they prevent the scene from getting a fully free solution (True Blue is just for piracy), also protect the dongle from being patched by Sony themselves. In other words, revealing too much about True Blue could shut down the only entry for Piracy on the PS3. I personally think this would be a good thing, seeing that True Blue are exactly what gives console hackers a bad image these days: people who enable piracy for money.