To quote from his comment on xorloser's blog, linked above:
I just release my lv2 kernel decrypter You need metldr, lv2ldr, RL_FOR_PROGRAM.img and lv2_kernel.self. You have first to dump your metldr from FLASH memory. lv2ldr you will find also in your FLASH memory or in decrypted CORE_OS_PACKAGE.pkg from PUP files.
RL_FOR_PROGRAM.img is a revoke list for programs and can be also found in PUP files. lv2_kernel.self is on your FLASH memory or in decrypted CORE_OS_PACKAGE.pkg.
First i send all files to PS3 and store them in memory. After that i load metldr in isolation mode and pass it...