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As you may have already heard that the highly anticipated Geohot's jailbreak has already been released. During the time when all that was going on, another hacker named solidpsycho from PSX-Scene is claiming to be successful with the downgrade.

Video: [ame=https://www.youtube.com/watch?v=BjhBUrtGpFw&feature=player_embedded]YouTube - PSGroove.com - Successfully Downgrading a 3.55 PS3 to 3.41 Firmware[/ame]

With all this going on there is some bad news to go along with this.
-There are reports of this bricking Slim consoles, do not attempt to downgrade a Slim console with this method. Older Fat PS3's are reporting no issues. Also, after downgrading to 3.41 with this method, your PS3 will think its a 3.56 console. Once on 3.41 it is recommended that you then downgrade the traditional way to 3.15 firmware, and then upgrade the traditional way to 3.41 official firmware.

Updates: Unconfirmed[/color]- slims with firmware version 3.41 or below from factory will downgrade fine.

Downloads -*USE AT YOUR OWN RISK*-

    Download: [url=https://www.mediafire.com/?qwlh8veu99z33nh]Lv2diag_355.zip[/url] (539.48 KB)

Download: [url=https://www.multiupload.com/2LB3F1NRMK]Multiupload.com - upload your files to multiple file hosting sites![/url] (167.07 MB)

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next will be 3.60 to 3.55

ones they've been hacked theres no stopping hackers, it will just continue.

Man this is to risky to downgrade :dumb: