Four Years after its launch, we all know that the PS3 still hasn’t been hacked yet unlike it’s competitors, the Xbox 360 and Wii which can be played with Backup games with a some modding. Apparently, this video shows hackers finally cracked the PS3 into playing Pirated copies of PS3 using a USB Flash Drive.

From TomsGuide.com By Marcus Yam

The PlayStation 3 has one of the best copy protection schemes in the history of consoles. In the near-four years since its launch, the machine will only run with legitimate games. The Xbox 360 and Wii, on the other hand, were cracked to run home-burned games years ago.

While there’s been much work behind getting the PlayStation 3 cracked by those in the pirate industry, there wasn’t much success – until maybe now. According to an Australian mod chip source, hackers and crackers in China and/or Hong Kong have developed a USB stick that will allow the PlayStation 3 to boot games copied to on the hard disk drive.

Kotaku has been in contact with OzModChips regarding this product, and the seller claims that the device is real and is most definitely not a hoax. OzModChips is currently taking preorders for the USB stick, which is called the “PS JailBreak,” for $169.99 AUD.

The contact at OzModChips doesn’t know much about how the USB device works, other than “it tricks the ps3 into thinking its a dev unit…”

If this is true (and the video does look real), Playstation 3 sales will Skyrocket especially in Third World countries like the Philippines where Anti-Piracy laws are lightly enforced. Will we be seeing the PS3 take its throne again as the leading console just like the PS2? Only time will tell…