I wonder how long it will take to crack the movie formats as well?

Don't Blu-Ray blanks cost more than a game?

$20-25 for a single write once BD disk. That's more than half the price of a PS3 game. Although if the burns don't take, then profits are neutralized. I'm just impressed by the quick turnaround time.

The quick turnaround is due to the PS3's ability to run Linux and give that OS access to the Blu-ray drive.

Every Linux/Unix/BSD system comes with a tool called "dd" which reads bytes from a device and writes them to another device. That output "device" can be a file. It's then a simple command line to rip a disc image from an optical disc to a file.

For example;

Done.

This does not take great hacking skills. Those skills are now required to decrypt the disc image and make the PS3 play burnt images.

Of course. The issue was that of the (relatively) few people with those skills, very few had access to a PS3 and the images. Now many more have access to the images - so the hacking process will begin in earnest.

It's gonna be like the PSP, Sony must lose million over hacked games.