German developer Dark Monkey claims to have programmed the very first PS3 ModFirmWare!
[youtube]_CzOvOktsWE[/youtube]
He is calling his release MFW, and will be releasing all details and packages in a few days time!
In the meantime, he has posted the above video showing his BETA version running on a PS3 Console!
RELEASE: ! Soon !
Changelog:
rev b0.01
-started project
-Homebrewchannel
rev b0.02
-bugfixes
-Downloadbutton "BackUp manager"
rev b0.03
-/app_Host/PS3_Game Icon -> Ps1-disc icon
Our thanks to Zerrox for giving us a quick german translation on Dark Monkey's recent post:

Originally Posted by
Zerrox
Actually, I can speak german very well. Here's my personal translation:
" If I understood the whole structure of a payload, I would be able to integrate it into a payload. No, of course for normal users there's just the possibility to load the ModFW through a USB-Dongle/Loader, but for users with access to the hypervisory it is indeed possible to load it through the flash of the PS3 (so probably no one of you can do something with the second method). "
News Source: [MFW] First running ModFirmWare (via) PSPKING.de