A new video has emerged on the Internet from Team Typhoon, showing off a new HEN exploit for the semi-recent 5.03 firmware.
Here's his little note about the video:
This is a demo of the 5.03 firmware running the tiff exploit and booting into a HEN environment on a PSP 2003 (3000 Support also) on 5.03 Official Firmware.
This proves that the code survives a reboot and the system software and MAC address can be changed. This is something that only can be done with a kernel exploit.
A video launching homebrew will be posted later.
More PlayStation 3 News...