The Famouse Zpack Team launched a new dongle for PS3, its PS3zpack USB Stick, which has the same function as PS3 Jailbreak.
Before that, wiikey team has released some great modchips for Wii, such as wiikey, wiikey2 and wiikey fusion.

Now PS3Zpack come out, it will bring a revolution undoubtedly. The PS3Zpack USB Stick can support the newest V3.41 Console and 3D games.

PS3Zpack Feature List:
■USB Plug and Play solution that installs in seconds without any need to open up the PS3.
■Does not break your warranty seal.
■Compatible with all PS3 models, both Fat and Slim.
■Supports all regions: USA, JAP, PAL and KOREA.
■USB device fully updatable by PC.
■Disables forced software updates and will never brick your console.
■Supports most games and homebrew applications.
■Easy-to-use software for backing up, managing, and playing games from external USB Hard Drive.
■Playing games from HDD is much more enjoyable, benefiting from greatly enhanced seek and loading times.
■Supports installing homebrew application on PS3 and external USB media.
■Optionally PS3Zpack can be supplied with an "open" firmware which does not support backup loading. Users would then have to download a firmware update for PS3Zpack to get full functionality.