32w ago - Following up on the previous update, today the PS3 3K3y Team have made available a video, the official features and release date of 12-12-12 for those interested below.

To quote: PS3 3K3y Features:

• Play your PS3, PS2 and PSX games from any USB media!
  
• No custom firmware required for operation* - you can update to the latest official firmware for PSN access
  
• Integrated game ripper
  
• User friendly intuitive interface
  
• No soldering required
  
• Multi-language support
  
• Compatible with both Fat and Slim models
  
• Supports most file systems, including NTFS, EXT2/3/4, and Mac OS X Extended
  
• High speed USB2 interface
  
• Powerful embedded Linux system running from Micro SD card (included)
  
• Linux firmware fully updatable from USB media
  
• FPGA fully updatable from USB media via built-in, in-system JTAG programming
  
• Recovery mode - it is always possible to recover from a bad flash Update your PS3 as normal, no CFW or game patching required
  
• Pass-through mode. (Use your PS3 in "normal mode")
  

* Currently firmware 3.55 is required for exctracting the drive key. Once the key has been...