We'd still be able to decrypt the updates and look for holes, or if you have the hardware, just flash your hacked update on the PS3. (We have metldr keys, so we can sign our own loaders)
This is simply not true. Unsigned code came before piracy. OtherOS kept people wanting to run code on their console happy, removing it was a severe mistake.
And don't put words into the mouth of the PSJailbreak authors. The PSJailbreak allows unsigned code to run, that is why they made it first and foremost (they need unsigned code for piracy), they saw that they can get piracy and went for it. Anything to drive the sales, right? And we still don't know who's behind PSJailbreak, and if they are or aren't in the 'homebrew scene'.
What 'pirate method'?
'DVD/HDDVD/BluRay scene' we're comparing consoles to media now? Get your act together.
No, no, no. This is a different exploit. We don't know how he did it yet. (He did get the private key mathematically, using the method from the talk, but not using the revocation list exploit)
No, this is different. geohot compromised metldr, fail0verflow did the other loaders. geohot's exploit is different, no one but himself knows how he did it (not even fail0verflow).