It's taken a while but the PS3 has finally been hacked. http://geohotps3.blogspot.com/2010/01/heres-your-silver-platter.html http://www.eurogamer.net/articles/digitalfoundry-ps3hacked-article Just like Xbox using this might get you banned but according to the article a patch from Sony can fix the hack, an interesting read anyway.
You may of heard of a PS3 jailbreak dongle has been created recently... Well Sony are taking them to court to stop them. http://news.cnet.com/8301-17938_105-20014940-1.htm Besides the "piracy" part the other benefit is running games from the HDD