OzModChips unveils the world’s first working PS3 mod chip, “which purportedly is executed by plugging a $170 (Australian) USB stick into the PlayStation 3.” Continue reading for a video demonstration.

It supports all games, but doesn’t allow past console games, Blu-ray or DVD movies to be backed up, added the site, which at time of writing was extremely slow to load.

[via KotakuTheRegister]