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The Waninkoko CFW that was released works quite well, even though it bricks PS3's and freezes them. Here's some reasons why you shouldn't go to this cfw.

1. Your model number isn't the best justification on whether or not it will brick. It's very possible that you could have a working model number and have it brick on you.
2. It can cause random freezes. Even if it works, it can cause random freezes and can freeze your ps3 on online transactions (chat rooms)
3. It's new. I wouldn't hop on the Waninkoko bandwagon just yet, because it might come back to bite you.
4. Geohotz cfw works fine. For now, and for the most part.

how do you get it working?

ill stick with geohots i dont want no bricked console

it freeze because Waninkoko's Cfw use syscall 6 & 7
same as PL3 dev payload and pl3 famous for Random Xmb crashes....
...

we need hermes CFW not the stupid pl3....