Update: Sorry for the delay, we ran into video editing/encoding issues. Anyway, those interested can check out the video below (we aren't doing a teaser and a longer video, just the one due to time constraints).
Here is the world's first video (FYI: it has no sound) which displays the bypass method for the PS3's Firmware Version Check! This opens several doors actually, for starters:
Confirmed: You can now play PS3 games on-line, without updating your current PS3 Firmware!
Confirmed: You can now access the officialPS3 store without updating your current PS3 Firmware version!
Although not tested yet, you may be able to downgrade the PS3's Firmware through this circumvention technique.
Although not tested yet, you may be able to 'install' your own desired PS3 store items using this method.
A Tutorial on how to do this will be posted shortly HERE as well... stay tuned!
We were going to report on this last night, but we wanted to 100% confirm it first ourselves after someone who wishes to remain 'anonymous' on iRC EFNet #PS3News dropped in to tip us off. A teaser video will be posted shortly, followed by a longer video and complete walkthrough as well. Keep your browsers pointed to www.PS3News.com throughout the rest of the day, and you'll be sure to catch the latest news as it's posted right here!