Yes, it's real. All that's required is a PS3 with a NOR flash type (ALL slims, and the later fats), Progskeet or Teensy++, soldering skills, and various free programs like a hex editor. http://www.ps3hax.net/2011/08/downgrade-fo...-firmware-3-70/ Personally, I can't do it, I'm not good enough to solder in a progskeet, but for anyone here who is, go for it, it's entirely legit. I'm waiting for the inevitable softmod-after-hardmod to come. http://gbatemp.net/t305355-ps3-v3-70-downg...eased?&st=0 Discussion there, this thread is meant to be an alerter for those that don't commonly browse User Submitted News, which is over half.