202w ago - Just before the weekend iPhone 2G hacker GeoHotannounced that he has hacked the PS3 entertainment system, and today IncGamers.com (linked above) has confirmed from their Rep that Sony is launching an investigation into it.
This comes as no surprise, considering a public PlayStation 3 hack would cost Sony Corporation and developers millions in lost revenue due to piracy as a result of reverse-engineering their intellectual property.
GeoHot has also told the BBC that, "I can now do whatever I want with the system. It's like I've got an awesome new power - I'm just not sure how to wield it."
To quote: "We contacted Sony and a spokesperson confirmed that the company is looking into the issue.
"We are investigating the report and will clarify the situation once we have more information," said the statement."
Time will tell if Sony gets tough or goes in the direction as Apple did, simply sending out DMCA notices and not attempting to hold George Hotz personally accountable for his actions.
Unfortunately, unless Sony makes an example of Hotz it may encourage other hackers to continue defeating their proprietary protection schemes without ill consequence.
Our advice to GeoHot: Let common sense be your guide, and isolate yourself from end-user PS3 hacks or exploits that could be proven by a court as used to circumvent protection or aid in software piracy... it simply isn't worth the risk.
Good luck GeoHot!
Stay tuned for more PS3 Hacks and PS3 CFW news, follow us on Twitter and be sure to drop by the PS3 Hacks and PS3 Custom Firmware Forums for the latest PlayStation 3 scene updates and homebrew releases!