This is awesome, my little baby is being hacked
The only downside is FAT32, if any game as a file with 4GB+, like MGS4, the backup will not work, plus, if you don't have any friends to give you games for you to backup then you must buy second hand games, do the backup and then sell them.
I think this is not a fake because it has been tested by a lot of people, i even saw on youtube one french guy testing it.
It could always be a fake, but if you think about it sony has nothing to lose with this, and maybe sony is involved, these guys come with a simple pendrive thats used by sony and saying that this works better with the latest FW, when the latest FW hasn't even came out 1 month ago. This is strange, and just like sony didn't sue geohot like they said they would, i don't think they will answer this hack with any drastic FW update.