To quote the website: "PS Downgrade is a software add on that connects with your existing PS Jailbreak device. In 1 minute or less you can downgrade your consoles firmware to any previous firmware."
It's interesting to note, that the downgrade can only be used once. Our source explained "1 time downgrade, cannot downgrade more then once, or to a lower firmware after you choose which firmware"
Another website has also surfaced, www.PS-Downgrade.com. This one showcases the following video, offering visual evidence of the downgrade. The site was up prior to any news being posted and uses similar graphics to PSDowngrade.com which leads us to believe it is another official partner.
Update: We originally reported that this would be free to current PSJailbreak owners. However, conflicting information has appeared on the PS-Downgrade.com (unofficial) website, where prices have popped up. It seems, at least on this site, the downgrade will sell for $40 on top of the cost of PSJailbreak. This may just be someone trying to make a buck on the update. It may also be evidence that the downgrade will cost additional money, the truth remains to be seen. Below are the prices pulled from http://www.ps-downgrade.com/checkout.htm
PS Jailbreak $100.00
PS Downgrade (Requires a PS Jailbreak) $40.00
1PC 40.00$ USD
2PC 38.00$ USD
5PC 35.00$ USD
10PC 33.00$ USD
50PC 30.00$ USD
100PC 27.00$ USD
PS Downgrade is a software add on that connects with your existing PS Jailbreak device. In 1 minute or less you can downgrade your consoles firmware to any previous firmware.
Simple to install; just plug PS Jailbreak into your pc and follow the gui to install PS Downgrade. Works with all past, present and future firmwares!
Turn back your console to 3.41 to jailbreak with the worlds original PS Jailbreak, or even go as far back as 3.12 to enjoy Other OS (yes LINUX is back). Completely safe to use, and does not void your warranty. PS Downgrade is completely undetecable by manufacturer, there is no history or log of your downgrade.
Please note: PS Downgrade is ONLY compatible with original PS Jailbreak, no clones or inferior USB dongles.
A:Yes, it installs off your pc to your PS Jailbreak in seconds.
Q: Does it permanently modify my console?
A:No of course not, all it does is downgrade your firmware to a previous version. At any time you can upgrade you firmware as usual.
Q:How do you install PS Downgrade?
A:Please consult our downloads page for setup instructions.
Q:What is the warranty?
A:PS downgrade is a 1 time downgrade. Please make sure you use properly. If your device is defective it will be covered under our 1 year worry free warranty.