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This is just a theory so don't be hating
When you install the ELITE application on ps3 and start it up you will notice it says "Saving Profile" in the bottom right corner, so i checked out the Savegame Utility and i found the ELITE file, sadly it is copy protected so non jailbroke ps3 users wont be able to do this
Basically:
ELITE loads the profile from what it has on the hard drive and updates it if necessary
Jailbroke users could copy this file to their computer via FTP and then possibly mod it
Then the jailbreak user could replace the existing file but change the properties to read only - then the application can't overwrite it
Would this all be possible? - If it is possible and not posted already then please give credit where due?