Here's a quick update regarding Team X3 and the Master Key. They confirmed that they actually do have the PS3's console Master Key but are seeking for ways to protect it prior to releasing it to the public. We can only imagine what Sony is thinking right now.
"Earlier today it was reported that our group discovered the masterkey – I can confirm this. The video released last week was done prematurely and out of excitement. Many of you are pushing for us release our 3.5 solution understandably so. I completely understand the logic that once released it’ll be cloned and truthfully that’s inevitable. At the same time we must do our best to prevent, or at least delay that from happening. Using the PSdowngrade as the most recent example, in just a couple of weeks we’ve seen the DigiKey team port the downgrade to their multiple brands."
"Given our dedication to the X3Max it's imperative our solution is secured to the best of out ability before being publicly released."
Source X3
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