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But any news on jailbreaking 3.50? All I've heard is that PSJailbreak was going to release it on the 20th...and nothing happened.

Is jailbreaking now down for the count, or am I missing something?

No progress at all, psjb did have an update saying it would be out by the end of this month though, thats going to be bullshit though, they haven't found an exploit for 3.50.

Well the official website went down so we thought they were getting sued but its back up and apparently they have found the exploit
" Our release of updates for new firmwares is coming VERY shortly and we are now accepting sample previews for the first 250 distributors who inquire."
So they are giving out samples of the 3.50 JB

i just think that the update is for older firmwares,cuz the debug mode has been deleted after 3.41

The debug mode was not deleted, they just patched the hole that was originally used and made it so that it can ONLY be accessed with Signed Jigs. Maybe they got a leak from some disgruntled employee at Sony and got access to a sign jig, who knows.