There has been a PS3 jailbreak 4.11 released by Codex which have just worked for a small number of users. They have removed the mediafire link which contained the jailbreak. But you can still access their website called http://ezhax.webs.com/. If they ever reupload it again I will post the linkl on this blog!
ps3 jailbreak is the first USB chipset that allows unauthorised code execution, such as homebrew, on the PlayStation 3. It bypasses a system security check using a memory exploit which occurs with USB devices that allows the execution of unsigned code. One of the most popular pieces of homebrew software used with the device is Backup Manager, which allows users to copy game titles from the optical media to the hard drive of the PlayStation 3.
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