135w ago - Today
Dark_Monkey of German site PSPKing.de (linked above) has posted a video of what he calls MFW - the first running ModFirmWare for Sony's PlayStation 3 entertainment system.
There is no release yet, but below is the proof-of-concept video and some details, roughly translated as follows:
After a few days I've finally done it:
A stable current with MFW Homebrew channel although with a few bugs but zlib is also only in Betastatium.
Have fun with the video. Download will come in a few days!
As always Gildete: You can keep all my Rahtshriebfaler
Now I read that it does not have extra CFW MFW rather someone and then something :-(
Download is available in a few days... For normal users, of course, only USBLoader loaded and final.
Changelog:
rev b0.01
• Project started
• Homebrewchannle
rev b0.02 rev b0.02
• Small bugfix
• Download button "Backup Manager"
rev b0.03 rev b0.03
• /app_Host/PS3_Game icon now Ps1-disc icon
Simply beautiful 
Thanks for the update 
It's based on 3.41 Firmware like you see in the first 2 seconds of the video.
Let's wait for the REAL CFW coming very soon.
Greets Modmate
does it load some part of 3.50FW from USB to be able to run 3.50 games? Or it's just another 1001th mod of open manager?
neither description nor video gives any hints what is that.