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Geohot has released the actual jailbreak software for PS 3.All you need to do is just install the PS3 compatible PS3UPDAT.PUP file [PlayStation Update Package] on your console running firmware 3.55.It is to be noted that Goehot’s jailbreak for PlayStation 3 on version 3.55 won’t allow you to play backup games or pirated games. With this jailbreak method you can install custom packages on your PS 3.

Geohot’s method:

it’s jailbreak time
open the zip, you know how to install
3.55 only
would be pirates, don’t waste your time
do not mirror file, link to geohot.com
here is the package from the video
no donations accepted right now, don’t get scammed

old homebrew will not work
new homebrew signing tools coming soon..

The complete step by step jailbreak instructions are as follows:

1. Plug a USB stick into your computer
2. Create a folder in the root of the USB stick called PS3
3. Create a folder inside the PS3 folder called UPDATE
4. Download http://geohot.com/jailbreak.zip
5. Unzip Jailbreak.zip to PS3UPDAT.PUP
6. Move PS3UPDAT.PUP to the directory UPDATE that you just created on the USB stick
7. Plug the USB stick into your PS3
8. Navigate to Settings Tab
9. Choose System Update
10. Choose Update via Storage Media
11. It will say it found Version 3.55-jb
12. Choose OK
13. Accept Conditions and Install Update
14. After less than a minute, your PS3 will update, beep 4 times then shut down.
15. Power up your PS3 (You will have to do it on the console and not by the controller)
16. Your PS3 is now jailbroken!

Install Packages on Jailbroken PS3 3.55

1. Plug your USB stick into your computer
2. Drop http://geohot.com/test.pkg into the root of the USB stick
3. Plug your USB stick into your PS3
4. Navigate to the Game Tab
5. Choose Install Package Files
6. Select the test.pkg
7. After it installs you will find the test package from geohot installed below the Install Package Files folder
8. Wait for more packages to be created by the PS3 community

Jailbroken PlayStation 3 Video Showing Homebrew Running on Firmware 3.55 [Video]

# Download Jailbreak Software for PS 3
# Download Test Custom Package

Thanks

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  On January 14, 2011(3 years, 11 months ago.)

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