Today, there was a presentation at the 23C3 (23rd Chaos Communication Congress in Berlin, Germany called "Console Hacking 2006." The speaker was legendary console hacker Felix Domke (alias tmbinc). He shed some interesting light on possible exploits for the PS3 and Wii. This video needs to be seen by anyone interested in console homebrew/hacking. It is very interesting and, at times, hilarious.
The video can be downloaded HERE (140mb OGM file playable with VLC).
If anyone can provide mirrors, please do so.