How it works
This jailbreak removes the software system protections built by Sony. After the removal of this security it is possible to make use of third party software as well as back-ups.
Sony usually releases a Firmware update as soon as a new version of the jailbreak has come out but this jailbreak auto-updates as soon as a Sony releases a new Firmware version.
So the user doesn’t have to worry about losing the jailbreak software or not being able to go on the Playstation Network
Watch this video made by John to learn how to jailbreak you ps3
An other option is to head over to the how to page