Geohot Jailbreaks PlayStation 3 with Custom Firmware 3.55 (Video)

Couple of days back, Geohot has published PS3 root keys publicly on his site after the appear of fail0verflow german team. Today, Geohot has updates his site with "I made a video".
Geohot tells people that jailbreaking PS 3 with Custom firmware 3.55 is working and posts a video in action as a prove.

Description as in the video:

It's 5AM, this is homebrew. No release dates as usual.

3.55 firmware
omg omg omg omg no patching lv2

shouts to fail0verflow and psl1ght

Check the below video to watch it in action: