Team E3DIY contacted a different website today showing and confirming that they have managed to successively downgrade PS3 firmware 3.70 to 3.55 from their chip. They told them that this method requires NO soldering for SLIM PS3 consoles (required for phat), works for NAND and NOR, and is a simple one click and under five minute downgrade.
So this is great news and i think that it will make a lot of users happy from the looks of things this will be released within the next week so heads up guys.
There email to show what was said:
E3DIY team success downgrade 3.7 to 3.55 with E3 FLASHER ! In 5min, E3DIY team success downgrade 3.7 to 3.55 with E3 FLASHER. Time is short and operationis very easy, this depend on E3 FLASHER special design, 1key operation and nor flash on board ! we not record any image about E3 FLASHER regards it’s not release by far, hope eveyone understand. the official version should release next week, more video and picture will be public at that time . PS: E3 FLASHER compatiable all NAND FLASH and NOR FLASH console .with slim console no need solder wire but fat console need .
The video i can not post because i have not had enough posts yet but look in the edited part for the link to view it ok guys
PS i no that the video hosting site is not English just click the play button and ignore the Chinese talking for about 20 seconds to view it.
Also if a moderator could post this video for me then please do and thanks to these guys it looks like CFW is back for all