Guys over at wololo.net have been quite active the passed few days. Booting to older firmware from the latest (3.XX) firmware seems to be possible, though not for the average user. POC nevertheless. The second interesting part is actually PSVita cartridges being dumped. From wololo.net: Source (wololo.net) Source for downgrade (wololo.net) So far I wouldn't go as far as pointing out piracy is possible, but at least the media can be dumped and possible the console downgraded.