texazzpete:

Dude, there are articles out now on how to bypass the new firmware update

it's also cheaper to buy another PS3 for offline play only since you'll be able to save cash from the games you'll run.
Watch out for more nice homebrew on the PS3 to make it worth it. Plus this may usher in a world of custom firmwares just like the PSP. The future is glorious indeed 

I agree with u, you can now even spoof the latest 3.55 Firmware , How many of us can even connect to PSN talk-less of enjoy online game play with our embarrassing internet connection speeds  . The PS3Break V1.2 is the device to have. It can now downgrade consoles with Firmware as high as FW 3.50 back to FW 3.41 to enable them be hacked and still lets you run backups etc. Most interestingly you can now downgrade your Console back to Firmware 3.15 to re-enable the ability to install Other OS (Linux) .
Source:  http://www.ps3breakng.com/

In my opinion. The removal of Linux Support was a betrayal of my trust by Sony. I was so excited when I found out a few days ago that you can now downgrade your console and bring back Linux Support plus do a whole lot of amazing things using the PS3Break V1.2. See link http://www.ps3breakng.com

r4wood,

I had the same problem too oh . Thankfully there is now a downgrade sha, it came out about two weeks ago. Check out this link http://www.ps3breakng.com/products