PS3 security is "epic fail"

[mongo]

Be that as it may, the fact is the PS3 is made by a private manufacturer who owns the IP to the hardware, and the software that makes the hardware do things, (or the software that allows programmers to write software that make the hardware do things),  and part of the  purchase contract is that you can use it for it certain things.

There is no purchase contract. If there was, this wouldn't be an issue.

[mongo]

The PS2 was hacked pretty early on, yet they still managed to sell over 1.5 billion games for it.