Sony Computer Entertainment America (SCEA) and George Hotz (Geohot) today announced the settlement of the lawsuit filed by SCEA against Hotz in federal court in San Francisco, California. The parties reached an

Managed to get your PS3 banned from PlayStation Network? It’s annoying right, All those Familiar demos and media could be at your finger- tips, but alas you just can’t quite reach. Well now you might be able to fix that thanks to a post over at PS3Hax.

Spanish hacker called Naima has successfully released PS3 custom firmware called Naima CFW 3.55 / 60 hybrid. The new custom firmware is a CFW 3.55 with some files taken from the newly 3.60 firmware. More over, it spoofs PS3 console on 3.60 firmware which allows full PSN access for games and applications with preserving jailbreak capabilities of custom firmware 3.55.

PlayStation 3 Running on V 3.60 has been jailbroken in less than a week after Sony released security update to patch all exploits. PS3 hacker Winocm has posted a video that show jailbroken PS3 in action. However, this jailbreak will never be released, as cited by hacker.