Some 1337 hax on, well PS3hax.net has created a new application for Sony's Playstation 3 called the Megabox. The Megabox is, and I quote: "similar to a media center, similar to the XBMC on Xbox 1, fully functioning on the PS3."

Excited? I am.

The even more exciting part of this story is that this would require no installation whatsoever and is entirely open source, so basically just the program to your CD/USB drive and copy it to your PS3. You don't need linux or any kind of degree in computer programming.

If you want to try it out go here for a tutorial on how this stuff work,s what you need to do and who you need to pay money too. (not really)

The full features of Megabox are listed below:

1-Reproduction in the premises of almost all the formats of video, including the MKV.
2-Reproduction in Streaming (from Internet or the local network) reproduces just like in the point 1 that if, the MKV would cost to him more but, depending on the bandwidth of Internet, since in local network we have all 100MB.
to 3-Encoder and to decoder of DivX, DVD, TDT and others.
4-Recording to CD's/DVD's etc. (Necessary external recorder USB)
5-Possibility of using compatible digital cameras with Linux.