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Is it possible to downgrade PS3 firmware 3.50 with an ipod nano 1g?

Sorry pro but no, not at the time at least. The only way to downgrade is with original psjailbreak and the psdowngrader. They've just change the price to like 100$ for the psjailbreak and unlimited downgrades tho so its a bit more affordable
+ Rep If I helped in anyway plese

ok thnx anyways

hey dont buy from psjailbreak. their kinda s***y.
just buy a ps3break and when psgrade releases (and youll know when that happens) youll be able to downgrade perfectly. or scratch out buying any thing and wait even more until psgrade will be ported to the ipod.