Alright, I wouldn’t rush until things are released, but it’s probably good to understand that at the time of writing, any PS4 that you buy new from any retailer will pretty much ship with firmware 5.05 or lower.
A few minutes ago, PS4 hacker SpecterDev announced on twitter that a “full stack release” for PS4 5.05 will be released in the next few weeks. He later gave the precision that yes, this means a kernel exploit, but also more, including “tools for homebrew development”.
The announcement is likely to have the effect of a bomb as soon as all scene sites catch up on it. This is huge news, potentially bigger news than any PS4 exploit released in the scene so far, for two reasons.
First, because firmware 5.05 is extremely recent (it was released less than 4 months ago). This means, as I mentioned above, that if you buy a PS4 new, today, it is extremely likely to ship with firmware 5.05 or lower*. This includes PS4 Pro models. In the past, PS4 exploits that have been released, had been released for firmwares that were much older and therefore finding the right console to buy was a challenge. If you’re lucky, your current console might still even be on 5.05.
Second, because SpecterDev announced that additional tools are coming with this release. The PS4 scene so far has been slowed down by the lack of a proper open source SDK, and it is possible that with this release we’ll get a basic SDK to start working on homebrews, which could help the scene move further. In particular on the homebrew front.
Given SpecterDev’s past track record, there is no reason to believe this could be a hoax or a bad joke. This in my opinion would make it one of the biggest releases of the PS4 scene so far.
Although the decision is yours, in particular in this context where nothing has been released yet, this might be the best time to grab a second PS4, ahead of the release.
Update: this goes without saying, but if you have a console below 5.05, do not update for now! Wait until an actual release!