I just brought a PS3 today the 320gb hard drive one, anyways I want to sign into playstation network and the software version is 3.41 and it keeps telling me to update before clicking on it, how can I bypass updating as Im looking to a PSjailbreak for the console.
Simple answer, you can't.
There isn't a way to bypass.
Is it likely the PSJailbreak is gonna be availabe on the later firmwares?
Nobody knows right now, mate. We've only just been able to get it working on a lower firmware ... so who knows how long it will take to find an exploitable hole in 3.42++?