A bit late as far as news goes, but here's the story from chesh420, a mod at PSX-Scene:
This doesn't help the image of the custom firmware community, and by extension, may even cast a shadow on the hacking community as a whole. Though Sony's mismanagement of the PSN development network left this vulnerability waiting for an unsavory group of hackers, and such a group carried out the attack and subsequent theft (and sale) of data, it's not unlikely that Sony will simply see this as another massive loss of revenue and reputation caused by the hacking and homebrew scenes.
Originally posted by chesh420

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