This is a "Proof-Of-Concept" Video by dimmujed on using a PS1 Exploit to run PS3 Back-Ups on a PS3 console. It appears to look authentic, except for a few inconsistencies:

- the "PlayStation 3" splash is present, when the game went in.

- when it blackscreens, the 'spinny thing' is all outta whack.

- the entire production could have been pre-recorded and played on the TV while the person in the video turned on the PS3 to make it look legit and recorded it.

Only time will tell if there is any validity to this PoC video.