Despite the claim, though, hackers and home brew makers had shown proof of pirated games running on the PS3 just over a week after the root key was published. PlayStation 3 hacks started in earnest last year, but Sony was able to update the PS3 firmware to stay ahead of the curve. This hack, by exposing a piece of code that isn't updated, won't be so easy to reverse.
Engadget reports that Sony has responded to Geohot with a restraining order, apparently trying to pull any pages that include the code. Unfortunately, once a code like this has hit the internet, it's nearly impossible to erase all traces of it.
As if that weren't enough, a new home brew application could devalue Trophies as well. CVG reports that the application can unlock all Trophies in a PS3 game instantly, with random timestamps. Some games like Batman: Arkham Asylum are apparently immune to the hack, but users are already bragging about unlocking all the trophies in other titles.
Sony has issued a statement on the Trophy issue: "We are aware of this, and are currently looking into it. We will fix the issues through network updates, but because this is a security issue, we are not able to provide you with any more details." We'll probably be hearing similar lines in the near future as Sony continues its attempts to put a lid on these security concerns.