The Telegraph (UK) is reporting that a number of exploits have surfaces for Sony's virtual-environment multiplayer matchmaker and social space, Home, presently in open beta. Not all of them are technically exploits, but they'd certainly qualify as hacks -- using Apache and DNS trickery to fool the Home client into loading different content for local display than what was originally intended, for example.
The Telegraph says there are far more severe hacks, however, such as downloading, uploading or deleting any file to or from the Home server itself. That stopped us cold right there, and is a surprising revelation considering the usual effort that goes into any console offering. Our sister site PS3 Fanboy picked up the rumors initially. We're wondering if the Telegraph is just running on those fumes, or if they've obtained additional verification.
Perhaps the routine of downloadable updates and console hard-drives made developers lazy and short-circuited previously rigorous QA procedures. We'll be interested to see which.