No, its worse.
Mods that add something fun or totally changes the game are good, a mod that just shows 'hello world' is not. I have explained previously the point of a hello world and this is not it.
There are all sorts of mods for games that are designed to be modded (
Racing game, RC plane flying game with the quake 3 mods as a basic example).
It is well known that you can make total conversion mods for games that support them. Even genres that are totally different from the game the mod is based on.
So a release of a mod for it that allows different types of gameplay is cool as it has entertainment value.
A true 'hello world' for a console is cool because it has technical value (it shows that real homebrew on the system could be possible).
A mod for a mod-able game that just shows hello world has no technical value and no entertainment value.
The guy has apologised for the misleading thread and whatever actions he took on other forums so there's no need to give him any more flack, but it's still not the exciting development that you seem to think it is.
Its basically a proof of concept that mods can be made for UT3 for PS3. That is an advertised feature so a proof of concept (that it is possible) is not really needed.
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