We wrote an article about this before, saying that the emulator has been ported to the PS3. Now we have a video and the results aren’t that impressive. Sure, it has just been ported, but it doesn’t seem like something everyone should rush out and buy at this moment. This is only with a couple of weeks of work. Should be impressive as time goes on.
PSgroove is the device used to jailbreak the Playstation 3, only issue is that Sony has caught on, so if you update to the newest firmware (Right now 3.50) you most likely won’t be able to use the device, at least not till there is a work around. This means giving up access to PSN.