Lol i would probably do this, but wary of what Sony will do. I'm actually not to fussed about losing PSN anymore, lost a lot of respect for Sony now.
How easy is it to install, and whats required? Do you keep the GameOS in the same condition also?
And theres a lot of CFW's around, which is the best? :P
Sony's playing hard, apparently they're getting in touch with various websites in order to track down kmeaw, Kakaroto,Waninkoko and others to file a court case against them, most likely. Sites include PSX-Scene and Paypal.
EDIT: Just installed Kmeaw 3.55 CFW and been playing Super Mario All-Stars via Snes9x 4.4.4 PS3.