In less than a week since, the PS3 was jailbroke, sony has already moved in and sued Geohot and the team of fail0verflow. You can read the documents on their site. This is massively annoying as we have every right to do whatever we want to do to our system and it wasn’t like they released any copyrighted products. Nonetheless i’ll keep this post updated, when more news comes in.
Also with sony sue-ing them rumors have spread that Sony could ban future users who jailbreak from the PSN, so beware of jailbreaking or updating to a current software.