120w ago - Today PlayStation 3 hacker KaKaRoToKS has announced news of PS3MFW, a PS3 Modified Firmware project!

From the official site (linked above): We have just been informed by an anonymous source that a new modified firmware-project is underway: Project PS3MFW.

There are several contributors, some of whom are well-known within the PS3 homebrew community but wish to remain anonymous. However, we were told that KaKaRoTo is playing an important role in the project.

The purpose of Project PS3MFW is the development of a customizable tool that creates modified firmware for Playstation 3 with many great features not available in current solutions. It provides a framework where each firmware modification task is an independent plugin with access to an API that facilitates the modification process. One important feature is that the project will be entirely open source, as opposed to every other MFW released to date.

The tool will be called “PS3MFW Builder”, and it will work in conjunction with several other utilities.

Project PS3MFW is an ongoing project; anyone qualified can contribute. A release of the PS3MFW Builder v0.1 is imminent.

Updates from KaKaRoToKS via Twitter: PS3MFW has ~65 customization...