Project E Premo : PS3 hacking via the PSP Exploit Released ?

Seems that kid101skater has released details and more of his Project E Premo, i personally dont know if this advances anything but we shall let him have his say

Heres the full details:

Im not quiting. but im just gunna let everyone know everything.

" The PSP Connects to the ps3 via remote play. When in remote play the ps3 gives special promisions to the psp in full / almost full access ( lvl 2 ). The ps3 writes its files to the psp temperalrly into flash2 ( or thats what we know of so far. The psp then virtually views the ps3 over a http bracket.

http://192.168.x.x:9293/sce/premo/session/ctrl

see. also
it mounts the ps3's xmb and main screen as native:/ ... alot of functions are in there.

The ps3 can also be crashed by taking you'r psp and having a prx plugin to overflow your psp's ram. it can cause the ps3 to freeze by doing so correctly. ive been doing some research and attempting to get a filebrowser but the most that can be done is to freeze the ps3 at this point.

so i am fustrated and due to me getting some dissrespect i have desided to continue to help but also allow more devs to see whats going on so they can attempt stuff aswell. im not quiting. but just opening up all of this to you. just remember if anything does become of this please give me some credit. i just dont like that i was gettin flammed for trying.

so anyways here are some psp dumps of the ps3 connected and connecting to eachother via remoteplay. it will helpz alot.

soo here you go

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via kid101skater

Sounds interesting besides this HELLO WORLD, but that requires UT3 which I ain`t got, I have thought before via psp custom firmware to import some kind of homebrew to the ps3, but im no hacker lol plus ive sold my custom firmware psp, if anything does come of this then damn! do I buy UT3? or a second hand custom fw psp? or will something else be discovered? its been along time for people expecting some hack on ps3, well u can bet your ass I won`t be updating to 2.30 and use the proxy to sign in to play online, but 2.30 is a psn store update too? so if I signed in with the proxy will I be able to use the store? ahhhhhhhhhhhhhhh!!! lol