Headlines on other sites are reading: "Hackers decrypt retail PS3 HDD", "Retail PS3 HDD decrypted" and "UPDATE: We have confirmation that this decryption was done on a RETAIL PS3 (not Test/Debug)".
They are ALL wrong. We have looked into this over the past 24 hours extensively, and needless to say - our first suspicion was correct (which is why it was labeled as a rumor). Simply put - its a fake.
The files are real, but they were dumped from a TEST PS3 (old news), from its /dev_flash (Thanks NDT!) folder which is 100% accessable with a TEST.
Furthermore, the explanation of the "encryption" was all wrong (see my earlier post). On top of that, the real research done was 'borrowed' (to put it nicely) by DemonHades from the source... namely knightsolidus, who has been doing research with the PS3 HDD.
He made some interesting findings (hitting a similiar roadblock that we did, but we are now working together to try to get past it), however, currently no part of the hard disk drive has been decrypted.
Again, our hopes were dashed with yet another fake... what's worse is other sites reporting it as legit misleading their users, and not even taking the time to look into it themselves!
Special THANKS to idone, knightsolidus and NDT for taking the time to uncover the truth... and although there are no bad feelings towards DemonHades it would be appreciated if he came clean with his users so we all can move forward working together.
More PlayStation 3 News...