Latest PS3 Hack and lvl0 keys

Incredible news the last few days regarding the PS3 Jailbreak methods.  The latest PS3 hack sees the release of what are called the lvl0 keys or bootloader keys.  With these keys now known all future firmwares will be simple to decrypt and patch for Jailbreak systems.  This is big news in the scene once again with it hitting mainstream news and tech sites all over the web.  More details are emerging on how this came to be public and it has shown some of the underhanded dealing that have been going on behind the scenes for many months even years since the original jailbreak released by Geohot based on the work by Fail0verflow.  It would seem a small circle of PS3 developers have had these keys in their possession for some time and had no intention of releasing it.  That is until some Chinese hackers managed to nab the keys from them.  It would seem these hackers were going to release a new branch of the CFW for the PS3 but once more had plans to lock it with their own DRM protection and make people pay for the Custom Firmware updates.  This spurred the original developers to release all the keys they held publicly and for free on pastebin to stop the release of the DRM protected CFW.  With these keys being used up until now by only a few jailbreakers with them now becoming public expect many more versions of PS3 Custom Firmware to follow.

The really good news of course to come out of this is that from now on it will be a simple trivial matter to patch newer firmwares and extract the online pass phrase something that up until now only a few people had the ability to do.  So we can look forward to updated CFW for quite some time to come.  With many probably incorrectly predicting that this is the final win in the ongoing PS3 hacking cat and mouse game that started way back in august of 2010 with the release of the original Jailbreak dongle.  This could also be bad news for many of the PS3 Mod Chip suppliers out there as the free download spreads to every PS3 forum.