Jeez this thread is full of fail. It seems half the people in this thread are 13 and younger by the traits expressed in their typing skills. Graf is Graf, Dark_Alex is Dark_Alex, and geohot is geohot. Nothing more nothing less.
Now Graf seems to have a huge set of balls. He has said time and time again he doesn't plan on quitting development just because Sony are out to get people. He even said that if they do go after him, he will have time to release all of his work to date. That takes one huge set of balls, or ignorance I don't know which. But because graf is awesome I'm gonna go with the former instead of the latter.
Also it seems he will be releasing his form of OtherOS way before fail even get a complete working version. I guess fail are to worried about Sony at the moment to continue work. Which is understandable but if they live outside the US they don't have anything to worry about until Sony steps on their front lawn. Which Sony don't seem to be capable of doing by the looks of it. They want everyone to come to them. Which won't win them any law suits.