Sony Network Operations Americas VP Eric Lempel has announced that PS3 Firmware update v3.55 has arrived and simply adds a security patch.It is a minor update without any special feature and just to add security patch.
In September, PSJailbreak released the first jailbreak, showing how PS3’s security model was open to be exploited, and Sony was quick to shut down the project. However, open-source alternatives cropped up, giving users a chance to jailbreak their console for free.
Sony has since continued to update the system’s firmware, blocking jailbreakers. Last month, however, a “downgrading” option appeared, giving anyone a method to downgrade their PS3 to firmware 3.41, the last version to fully work with the jailbreak devices.
Though X3 Team has managed to run homebrew applications on official v3.50 without downgrading, but the complete jailbreak method is not revealed yet.So don’t update if you want to get jailbreak.
Here is the video of jailbreaked PS3 v3.50:
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