Courtesy of homebrew developer NTAuthority, you can now use your iPhone and iPod Touch to hack the PS3. The PSFreedom codebase has been ported over, with one not-so-small caveat: it only works on 2G and 3G iPhone models and 1G revisions of the Touch.
Additionally, as this is considered a preliminary release, there's a little bit of manual labor involved in setting things up, as noted in the supplied readme[...]
Continue reading: PSFreedom PS3 Hack Graces iPhone, iPod Touch...