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As posted on Geohot's website, he stated the following:
I will be on G4's "Attack of the Show!" tonight (1/13/2011) at 7PM EST
For those who missed it or do not have the channel G4, you can view the 5 min interview below discussing jailbreaking the PS3 and the lawsuit against him by Sony Computer Entertainment America (SCEA).
Great video, I actually think he will win. This could change gaming forever, its that big.
Yea, I don't see how he can't win, but I'm not a legal expert. I would think the precedent set by the DMCA for iPhone jailbreaks would apply here as well. The only difference is the impact in dollars that piracy has on the system. And I don't think that should be allowed to be a consideration. But our legal system is all jacked up, it's anyone's guess who will win really. Sony could draw this out for years, but I don't think they will, I think they are looking for a quick and decisive victory to deter any other would-be hackers and distributors of the code.