Well its looks like this will be another case where the rights of American citizens will take a back seat to the rights of a corporation. With the way that things have been going in the US it seemed like Geohot would in all liklihood have still lost.
It is a sad day indeed. Government bailing out corporations that failed, Government forcably stealing the right to collective bargaining to suit its own end, and now this. I am absolutely ashamed. Not of the government, or the corporations, but of the individuals who allowed it to get this way for making uneducated decisions and ignoring the problems when they had a chance to do something about it.
OT: While Geohot might have made a false statement that he had a PSN account thing of it is, just because he had a PSN account does not mean that the seized PS3 in question had been altered. Which that is logical. In any sort of experiment you need a control group. If you need to work around limitations imposed that should not be there you need a case example of the problematic software and code. If the PSN account enabled PS3 has not been altered, then Sony still doesnt have a leg to stand on. However given that hes on vacation in South America right now and had to ask for donations for legal defense it seems fairly probable that the PS3 in question is in deed altered.
Honestly, we as individual American citizens have all been damaged by this. If sony wins this and it seems likely they will now, It is the first stepping stone of removing ownership rights. Slow advances will be made taking further ownership rights away from individuals. Hell, in 20-50 years we could be looking at a situation where someone buys a new car, and within six months is involved in a traffic accident that they were at fault and then the manufacturer decides to sue the owner for wanton destruction of property. You might think its an overexaggeration, but this IS how such things happen.