I didnt read all the threads, but "epic fail" seems a bit extreme to me
All consoles do and will get hacked at some point. There's enough clever people out there with an interest in cracking cosnole security, just for the challenge and notoriety to make sure of that. The fact that its taken so long I'd actually consider quite a success in this day and age. Having said this though, other than through my general video game interest I have no major investment in what happens with ps3 anyay 'cos I dont have one
