After the device out Ps Jailbreak utilizing a failure Firmware 3.41 for PS3 console to allow the execution of pirated games, Sony took matters into and after a couple of updates 3.42 and 3.5 it stopped working.
So now that the original creators of PS Jailbreak announced they will launch a software that will allow the PS3 downgrade and thus get back to work pirated copies.
Link | PS Jailbreak News
