Famed hacker, George Hotz has cracked Sony’s PS3 –no mean feat considering that no one has been able to hack its copyright protection up until now. Geohot is responsible for hacking iPhone 3.1 as well.

Without a Modchip, Geohot claims to have gained access to the PS3’s “entire system memory and HV level access to the processor.” All that remains is software and reversing, and he has complete control of the PS3. The hack has taken Geohot five weeks to complete, while the PS3 has been out for over three years, and no one had been able to crack it until now.

Sources: Geohot Twitter, Geohot’s Blog