While it's not surprising that hackers were working on it, it is surprising just how soon it's been confirmed. Confirmed in the sense that we assume what one person on twitter is claiming. However, based on the individual's twitter posts and a peak at the public repository, things look to be shaping up in the world of reverse engineering.
You may be wondering just what this means for the future of the PS4. Well, if you don't want to risk bricking or destroying your system, nothing. If you love modding and pirating software on your console and do it regularly, this is for you. While not everything has been cracked, CTurt has given us a glimpse into what has been opened up thus far.
Now with this announcement I am sure more people will be joining in on the quest to open up the PS4 entirely. Which will also open up the possibility for modifications that often go by the name "Hacks" in online games. Unfortunate, but it was bound to happen at some point. We're confident Sony will combat this in all future firmware updates though.
Some of the other tweets: