Trezu said:
What does this mean too me?
Absolutely nothing
Trezu said:
what does it mean to other PSN users?
It will do absolutely nothing to the Playstation Network or the users thereof
Trezu said:
Will this affect my overall gaming experience?
No it absolutely will not
Trezu said:
Also is the Hacker a good guy or a bad guy?
This depends on what you think of the Playstation EULA
Here's what the scoop:
1.) The PS3 was at one point used like a home computer, people who owned a PS3 could install an OS for a computer, like Windows 7 or Windows XP onto their Playstations which meant you could have a relatively powerful computer at a relatively cheap price.
2.) Sony decided they didn't want people to do that and removed that functionality with a firmware upgrade. People obviously got mad.
3.) This guy (Geohot) and his group (fail0verflow) found a vital piece of information which restored this functionality and posted it online.
4.) Even though this technically isn't breaking any laws (He bought the PS3, he should be able to do whatever he wants with it) Sony is still pissed off and threatening legal actions.
This is what the article says:
5.) Geohot says that other hackers have lost court battles not because they did wrong but because they didn't have the legal funds.
6.) Geohot got A SHITLOAD of money from various donators with which he could use to battle Sony in court.
This is from the article:
"I believe that Geohot has a strong case, and if he actually defeats Sony it will have repercussions that will be felt throughout the industry. Console manufacturers have long tried to control the actions that consumers can perform with their hardware, but Geohot's case may demolish any such controls. For my part, like all of the hacks derived from the Kinect, I think that open systems foster development of new ideas and Sony's attempts to curtail such creativity is averse to the 21st century idea of innovation. So yeah, go Geohot!"
tl;dr
Geohot tried to make his PS3 into a computer, Sony didn't like that (despite it being perfectly legal) and threatened to sue, so Geohot asked for donations so that he could survive legal battle. He got the donations he needed, and if he wins this case it will change the Console industry hugely