Video: JailBroken PS3 - 3.55 Firmware with Homebrew by GeoHot
Update #2: http://www.geohot.com/ has updated his site again with PS3 Homebrew Signing Tools (PS3 Homebrew Signing Tools with DLL Files or PS3 Homebrew Signing Tools OSX) and Source Code (Windows users will also need libeay32.zip or grab the PS3 PKG Signer Windows GUI by http://www.hackforums.net/showthread.php?tid=963905) with a brief guide HERE alongside How to JailBreak a PlayStation 3 on 3.55 Firmware.
Also, PS3 Tools (Compiled) and PS3 Tools Updates (Compiled) are now available for Win32 users as well.
To quote: "homebrew signing https://github.com/geohot/ps3publictools make_self_npdrm makes valid NPDRM selfs from elfs it does not contain any info on decrypting or removing NPDRM NPDRM is required for interoperability of our homebrew applications package_finalize turns your debug packages into psuedoretail packages, psuedoretail packages install on a geohot jailbroken PS3.
i'm excited to see what you will create open source SDK @ http://psl1ght.com/"
These PS3 tools can now be used to convert ELF files into valid NPDRM SELF files, and a PSL1ght PS3 PKG Python Script is also available, example usage:
Update: GeoHot has now released a PS3 3.55 JailBreak Custom Firmware PUP followed shortly by PS3 3.55 JailBreak r1 which fixes the 8002FB27 error and also shared the Test.PKG File from the video.
To quote from his site: "it's http://www.geohot.com/jailbreak.zip time open the zip, you know how to install 3.55 only would be pirates, don't waste your time do not mirror file, link to geohot.com http://www.geohot.com/test.pkg is the package from the video no donations accepted right now, don't get scammed
old homebrew will not work new homebrew signing tools coming soon..."
Today GeoHot has posted a YouTube video on his site showing a JailBroken PS3 3.55 Firmware console running PlayStation 3 Homebrew.