Team ICE (Along with StreetskaterFU) has exclusively shared with PS3Hax.net of what all PS3 hackers have been hoping for. After a long journey there finally is a glimpse of hope of a hacking the PS3. Team ICE has found a method run SELF files in GameOS (on firmware 2.10!). In other words they have found a way to run an unsigned code on the RETAIL PS3 via RFOM exploit on the latest firmware. Thus it is just a running blue screen, but this proves that you can run exploits and homebrew on a retail PS3.
The self written SELF files are written by a tool called Elf2Self, more information about that can be found here, it is expected to be released in the very near future.
Although not 100% complete, it still is a HUGE step and this method should be finalized and perfected very soon.
Proof of Concept Video:
So what does this all mean? It means that the PS3 is closes than ever to being hacked, and homebrew and the first hello world are just around the corner!
Please stay tuned, tutorials and tools to run assigned codes on the PS3 will be released here very soon.