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December 3, 2010 // 11:37 pm - As a follow-up to the Infectus and E3 Card Reader PS3 Downgrader news, today the PS3 Break Team (and the PS3Key/EcliPS3 Teams) have also confirmed they have a PlayStation 3 Downgrader for 3.50 Firmware consoles incoming.

Below is a picture, and the announcement from their site, linked above:

Currently, news spreads on Internet regarding some brand dongle companies have capable of downgrading PS3 firmware from v3.50 to v3.41.

PS3Break dongle is ultimate testing. It will be officially launched in the next few days! please expect together !

So it appears all of the PS JailBreak PS3 modchip clone devices will utilize the PS3 downgrader functionality, and here is to hoping a free version also surfaces soon.

Rumor: PS3 Master Key / Device Key Finally Uncovered?

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#49 - replar - December 5, 2010 // 11:43 am
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Seems it were some stupid kids trying to ruin the PS3 scene.

Damn those kids make me angry...

#48 - BwE - December 5, 2010 // 11:41 am
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the one that comes in the leaked DGF.rar file which was apparently made by the psjailbreak people.

i'm sure it will be a base for the psgrade in the future.

or what he said ^^^

#47 - PS4 News - December 5, 2010 // 11:41 am
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That would be the one posted here:

Also zAxis now said the news of the PS3 Master Key is not legitimate, good thing we didn't start a new thread on it after all:
these news are fake, graf did not contact me with anything. some1 hijacked my, and graf's, nick names and wrote that crap. I and graf are no longer posting at xorloser blog.

#46 - SadikP - December 5, 2010 // 11:39 am
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Quote Originally Posted by sk group View Post
but use the modified 3.41 update.

Thanks for the info. And what is the modified 3.41 update?

#45 - BwE - December 5, 2010 // 11:32 am
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heads up to future downgraders:

you can semi-brick your ps3 if you update incorrectly or mess up the process. you then won't be able to turn on the ps3 as it will just give you an almost musical beep.

you will also not be able to turn off service mode with the second self file either. nore can you update again as youve most likely turned off the ps3.

the fix is simple though, just hard reset it and try to re-enter service mode. sometimes it won't work and sometimes it will - it took me two tries. when youre in service mode (you can only tell by the dongles light) - try the whole process again but use the modified 3.41 update.

#44 - bitsbubba - December 5, 2010 // 9:29 am
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thanks boss, yeah I saw the update.

#43 - PS4 News - December 5, 2010 // 9:25 am
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Unfortunately it can't, anthough I don't think that would make much of a difference as the very first line of the article states the update.

By later today there will probably be a new thread anyway once something is released (PSGrade update or the key itself).

#42 - bitsbubba - December 5, 2010 // 9:19 am
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Boss can title be changed to take off Rumor?

#41 - Luckluka - December 5, 2010 // 9:16 am
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We are In Service Mode
We are In Service Mode
We are In Service Mode

Sorry Couldn't Resist!

#40 - mushy409 - December 5, 2010 // 8:51 am
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Doesn't PSGrade just require this 'master key' that they are now in possesion of?

Or are they still working the bugs out of it? Obviously without the key in the 1st place we couldn't test it.