Shortly after the ground breaking introduction of PSJailbreak by www.psjailbreak.com at the end of Jul 2010, the gaming communities around the world were excited by the amazing device which opened up the Pandora box for the Playstation 3 which had been immune to hacking for over four years. While all the gamers were all eagerly waiting for the actual release of the PS3 Jailbreak device into the market, the debut price announced by the manufacture sent a tsunami shock to the global gaming community. The debut retail unit price for the psjaibreak was at an unbelievable high mark of USD 150, which was more than one half of the PS3 console.
Although gamers appreciated that the hard work and initial investment by the psjailbreak team to develop the jailbreak device for the Playstation 3 console, most were put off by the unreasonably high price. Although buyers were hesitant on digging into their pockets deeply, for a PS Jailbreak for their PS3, many were hyped up at the thought of jailbreaking their PS3 in the similar way to jailbreak thei r iPhone & iPad.
As the hype of the PS Jaibreak went on and more samples were received by various gaming forum webmasters around the world, the mysterious PS Jailbreak in the form of a simple USB dongle were dismantled apart by many experts, among them was the Wiikey team. It did not take long for hackers around the world to reverse-engineer the PSJailbreak dongle and it certainly took even shorter for the Wiikey team to do it as they had been in the modchip scence with Wiikey, Wiikey 3, Wiikey Fusion & Drivekey under their belt.
According to the Wiikey team, the hardware of the PSJaibreak dongle did not cost much more than what a normal USB pendrive was. The reason that the psjailbreak team set such a high debut price was because they believed it would take over 2 months for other hackers to hack their psjailbreak device to product another product with similar function. Within the short period of 2 months, they would monopolise the supply side of the market and have all the power to set the price.
Unfortunately, their belief turned out to be short-lived. The Wiikey team took 3 weeks to reverse engineer the product and launched their first product for the PS3: the PS3KEY. There are some outstanding features about the PS3KEY. In terms of design, the PS3KEY inherited the original PSJailbreak design with the device being covered by the stainless steel shell and changed the cap of the device to a blue plastic cap. The bright blue colour is inline with the main product colour used by the Wiikey 2 & Wiikey Fusion. The elegant laser printed logo makes the device stand out among all the other psjailbreak variants. As the name suggests, the PS3Key provides the best key to the Playstation 3 gaming world.
The Wiikey team is also fully aware of the copies of their PS3KEY in the markets and has introduced an online product verification mechanism for users to find out if their PS3KEYs are genuine. The validation is simple and straightforward. It requires the users to enter their PS3Key serial number and validation string below to check that they have an authentic PS3Key. The whole process of PS3key validation only takes less then 1 minute.
In Nov 2010, the original Psjailbreak Team announced yet another ground breaking product PSDowngrade and charged another shocking amount USD 100+ for the PSDowngrade USB Dongle. In addition, the user can only use the PSDowngrade to perform a firmware downgrade ONCE. After that, the DSDowngrade dongle will be rendered useless. That is shocking enough.
On 6th Dec 201o, the PS3Key Team announced their answer to the PS3 3.5 firmware by completing a firmware for PS3Key that allows users to downgrade their PS3 firmware from 3.50 to 3.41. For those of you that are unfamiliar with the process, this basically means that newer PS3s with 3.42 and 3.50 firmwares can be downgraded to 3.41 and jailbroken.
At the same time they also announced the 64KB version of PS3Key. This version has a 64k flash, unlike the standard version that has 32k. This allows for larger payloads, including the AsbestOS linux payload. It also supports enabling and disabling encryption, which makes it possible to update with custom payloads. A software for extracting payloads and converting them to Open PS3Key format is in the works.
Like all SiLabs based PS3Key, this new version shows up as a mass storage device on a computer and update can be dragged and dropped onto it!
The actual usage of the PS3key proves to be as efficient as the PS3key office website. The PS3key does not come with the firmware pre-loaded and has the following features:
- USB Plug and Play solution that installs in seconds without any need to open up the PS3.
- Does not break your warranty seal.
- Compatible with all PS3 models*, both Fat and Slim.
- Supports all regions: USA, JAP, PAL and KOREA.
- Fully updatable via USB on your PC using an encrypted bootloader
- 32KB onboard flash (most competing products only have 16KB flash)
- Disables forced software updates and will never brick your console.
- Supports most games and homebrew applications.
- Easy-to-use software for backing up, managing, and playing games from external USB Hard Drive.
- Playing games from HDD is much more enjoyable, benefiting from greatly enhanced seek and loading times.
- Supports installing homebrew application on PS3 and external USB media.
- Optionally PS3Key can be supplied with an “open” firmware which does not support backup loading. Users would then have to download a firmware update for PS3Key to get full functionality.
* Currently not compatible with 3.42 firmware




