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[AZImmortal]

From what little I understand about the technical aspects of the jailbreak, it emulates plugging and unplugging of USB devices, freeing up memory for exploit code to be injected into the PS3.  The hack itself isn't permanent and must be run each time you turn off the PS3.  Leaving the device plugged in your PS3 has no direct effect on the operation of the PS3 unless you turn it on in the way required to run the hack.

[heil]

azimmortal is correct. again, this only works with 3.41 and if upgraded to 3.42 you're out of luck.

[deilzfcjk]

Yeah people thought that the ps3 was 'unhackable'. It is hacked wide open. but there is a problem though. IF you want to play GT5 you will need to update. Unless people start making custom firmwares. Kind of like psp. and to certain extent jtagged 360 running modified 9199 kernels.

[ddxcb]

all i know the device turns the PS3 into a debugging unit to make it run unsigned content.