Yes it's true! but if you "try" (on Windows XP it's giving error, different story on Mac OS X) to format it, the next time you plug it your pc will recognize it as HUB, same story for the ps3 (so no jailbreak! only blue led flashing). I thinked "Oh sh*t I formatted the flash memory and the bootloader too :facepalm:... but luckily I restored my ps3key downloading "firmware.bin" from ps3key.com :smoke:
Just to let you know... if try to format or delete all the content of your ps3key silab without putting a "firmware.bin" file inside it won't restore the original state!

