Published on 11-08-2011 12:24 PM
Here is a quote from PS3Crunch.
Before posting we had one our PS3 Crunching Developers look it over, and it seems to be a set of ‘C’ code and headers and an compiled ELF and SELF that exploits the ‘chain of trust’ to dump an ‘unecrypted’ version of your PS3 ‘metldr’.
Once again please do take note that this intended towards the developers of the scene and not our end-user or average jailbreaker, especially those that are new to the scene. We here at PSX-Scene are posting this as a rumor as nothing has yet been confirmed.