I've been on 3.55 for what seems like forever. I rarely play games on my PS3. I do not have a dongle. I was able to soft mod the console using my Evo 4g phone. I was able to get Uncharted 3 working and played maybe 4 to 5 hours. Great game but I doubt I'll finish it. I know that without the True Blue dongle, I can't play new games while on 3.55. I'm thinking of updating the console and losing my soft mod as I want PSN access to download Xenogears, but this is the thing... I have a PSP 2000 with CFW and could just play any PS1 game through the PSP with the video out hookup to my TV. For some reason though, I would prefer to hold a PS3 controller instead of my PSP... My PS3 is not backwards compatible with PS2 unfortunately but I hear if you get the Cobra USB you can play PS1 ISOs off an external drive. Is it worth it to buy the Cobra USB if I could just play PS1 games off my PSP connected to my TV? Should I just update the console as it doesn't seem like any new hacks are coming out for the newest firmware. I am not really familiar with the PS3 scene so I might be off base here. Thanks in advance for any feedback provided.