Well, once someone releases it... $ony will update the Firmware to patch the Hyper visor hole IMMEDIATELY. Then everyone will have to find a new hole to exploit similar to the PSP scene, however, the PSP doesn't have a Hyper visor controlling everything so that may be a sizable obstacle for PS3 hacking devs.
I have put word out to PDX on the video, so we'll see what happens... from what I hear though, their PS3 iSO Loader may not even run off the same 'exploit/hole' so even if
naoneo released hers and $ony blocked it the Paradox one may still work fine (meaning they likely still wouldn't release it yet).