Developer Esc0rtd3w has stated on psxhax that he and a team of developers have been working on an exploit for PS3 4.81. This is PS3’s latest firmware, which remains to be hacked, a year after its release.
This could very well be the last ps3 firmware, and having a hack for it would be pretty good for the scene.
However, Esc0rtd3w has explicitly stated that there was no promise of a release at this point, but that Christmas sounded realistic. Specifically:
since it has been asked in many forms quite a bit, here is a slightly updated path.
1) All console models should be supported for some things, such as Flash Dump, IDPS Extraction, using root lv2 syscalls….and a few others.
2) We have ran into a few issues concerning 300x and 4xxx consoles as far as writing to flash with lv0.2. These models will most likely require another exploit to take full advantage of CFW features like older consoles, and may not have full support upon release. These models may need the community to build upon our current work….this is not fully worked out yet and may be resolved.
no promise on release date, but x-mas is a good goal for now
There’s been lots of hope for this hack on the PS3 recently. According to Esc0rtd3w, the entry point for this is a webkit exploit that was originally being discussed openly on psx-place, but has since been made private. Google cache still has the first page of the discussion, although the information below has been known for some time (again, that discussion was started publicly in May this year):
So, the webkit exploit is very real. Turning it into a full fledged hack for the PS3 however remains to be confirmed: as always with this kind of claim, the credibility of the announce needs to be taken into account. Esc0rtd3w has released significant modding tools for the PS3 in the past, but not full fledged exploit yet, which he openly admitted on gbatemp. Depending on who’s also involved under the hood, this could be one of the biggest releases of the PS3 scene, or it could be a new disappointment.