Dump all your games to a harddrive (internal or USB external) with this new mod chip for the PS3. A video from OzModChips.com shows this first PS3 mod working. You'll see that a copy of Uncharted is inserted into the PS3 with the mod stick in. By launching the "Backup Manager" from the Xross Media Bar, you can back up the inserted game or launch another that you've already ripped. He launches a copy of Ratchet and Clank in the video from this manager and it appears to work beautifully, 'replacing' the disc inserted with the one chosen.
What's crazy is that hackers have said that these ripped games run two times faster than they do on Blu-ray. Homebrew will also be supported with this PS Jailbreak mod. What this does is essentially turn a PS3 into a debug unit. It's plug and play and works with the latest firmware. The best part? No invasive console hacking!
Maxconsole has a couple of videos and a growing FAQ for those interested in modding.
As far as availability goes, the sales website is currently down. The website from the makers of the above video have the chip listed at $170. Expect something more solid on pricing later.
Sony is probably sh*tting their pants right now, but I'd calm down if I were them. This could even help system sales!