You don't need to hack anything - that's the best part. No one would even ever be able to tell your game isn't original. The thing that was "broken" isn't on the end-user's side.
All pirate groups in the world are re-signing their releases with the now public private key. Download, run. All it takes - your BluRay will be the same as if it came straight from a Sony endorsed factory. ;-)
Thievery aside - this isn't an issue of piracy, this is a HUGE security breach in Sony's system and actually one of the biggest security fuck-ups I can think of - it's a sign of someone's total idiocy. Using the SAME "random" number over and over again? This is just lulzy.
It's not about people being able to run pirated games - it's about EVERYBODY IN THE WORLD now being able to pretend to be Sony for PS3's purposes.
This is why, if you check Google news, every friggin' news outlet in the world is running the story at the moment while nobody would care if a hacker had released some new exploit or hacked firmware or whatever. This is huge, the BIGGEST failure in console security in history - not kidding.
Public/Private key pairs are used for all sorts of things - for signing bank transactions for example - if a bank's private key was leaked everybody could make transactions posing as the given bank. They are used for digital signatures. If someone's private key was leaked another person could sign documents as the first one.
The issue here being - in most other cases a new key pair would be generated and used henceforth - in the case of the PS3 no such thing can be done without fucking up all games ever released - any other solution will be pointless.
I love my PS3 and I would never ever hack (or whatever you may call it) it.
You don't need to do Jack shit with your PS3 - that's the funniest part.
Yes most games are too pricey and many games are crap. Just boycott them.
No, why? You can now download any game you ever want and treat is as the demo - you like it, you buy it. Previously you had to rely on true demos. Actually this is pretty much the procedure I use for PC games - if something is worth paying for I pay for it.
Still, you don't get the SCOPE of the issue here. It's not about kiddies pirating games or hacking a console - it's about a company LOSING THEIR PRIVATE KEY without the possibility to generate a new key pair. If you ever had anything to do with cryptography at all you will realize what that means. ;-)
You can friggin' take a picture of your naked ass, sign it with this key and claim it was Sony and nobody would be any wiser. :-D