It shows that whoever wrote this article does not really have a clue what is going on, they make it sound like they have cracked the current O/S. It is only a half win for the hackers. The current firmware is still secure as the dongle does not work with 3.42 and above. However they have found a way to downgrade the current O/S to a version that is 3.41 and lower. This does enable people who want to use the dongle to use the dongle, but they lose access to the PSN. The exact same situation that people who were/are using the dongle now have to accept. All this might force Sony to do is for new games to require 3.50. Will people be able to play games that don't require 3.50, yes, but not new games. This is no different than where M/S is at with their current dashboard. Any game using the AP2.5 does not work as a backup with the new dash. Expect Sony to do the same.
And I love how the company claims "this will allow homebrew for all", ya you are really doing this to allow people to enjoy homebrew, just call it what it is.
What I hate with all this and pirating in general is eventually companies will tire of it and goto the more extreme measures (as in no internet connection, no game) which have been tried and there has been backlash from players. But if every company, every game, every system does this are we really going to stop playing all games?