RUMOR - A New Type of PS3 Hack Coming This Year, PS3 Drive Emulation!
Apparenlty, there is a report that a new PS3 Drive Emulation hack will be available later this year; without the need of CFW or a Dongle. It seems some new team has cracked Sony's PCB, and will be able to clone it along with adding the ability to play backups similar to the Wasabi360 or Xkey for the Xbox360. It is said they are keeping the project as secret as possible until they are able to release it, as to not give Sony(PlayStation) the opportunity to patch the exploit.
No hacking , no flashing , no modding.
Emulation is the future. A team is currently working on a new hack for the Playstation3.
The blueray player, Sony's PCB has been cracked and costs can thus be cloned. The team probably Wasabi or Wiikey team is currently working on this for the board to connect to an external HDD. This can be downloaded games played as Wasabi360 and Xkey for the Xbox360.
A major retailer in China has also indicated that this year is released.