The thing that has deterred me from modifying my Xbox 360 drive is a two-fold thing:
1) I don't want to have my Xbox Live account banned, so if anything I would use a second 360 (so costly)
2) It's not a simple process - well it requires a little more work and updating than I would like if you want to keep up with the latest games
With this PS3 hack however it's extremely simple, the only problem will be obtaining the games (which as Spiros pointed out, you can easily rent)
1) I don't want to have my Xbox Live account banned, so if anything I would use a second 360 (so costly)
2) It's not a simple process - well it requires a little more work and updating than I would like if you want to keep up with the latest games
With this PS3 hack however it's extremely simple, the only problem will be obtaining the games (which as Spiros pointed out, you can easily rent)