PS3 modchip claims to finally allow backing up games without invasive console surgery (video)

Who needs George Hotz anyway? A USB modchip for the PS3 has emerged from the mists this morning, purporting to allow the dumping of games onto nearby storage -- the console's internal HDD and external drives are both a-ok -- as well as the subsequent playing of said games without the need for the original disc. Could it be the backup/piracy nirvana Sony loyalists have been awaiting for so long? Well, there's a video showing the little USB device apparently working, and the PSX-Scene team say they have personally verified that it does what it claims to do, but skepticism remains advisable here. The PS3 has been a fortress of hacker unfriendliness, so we'd rather kick back, relax, and wait for some braver souls than us to do the testing. For now, the video awaits after the break.

[Thanks to everyone who sent this in]