Originally Posted by rubberbudgie

Short answer: Yes but do so at your own risk. You may get your PSN account banned if Sony get sand in their vaginas about this latest lot of custom firmware...

Long answer: Sony have yet to respond when it comes to the people playing online using custom firmware but in the past they have banned the PSN account of anyone using a jailbreak device. As this is a custom firmware and now they have realised it is too late to stop people from unlocking the PS3 by just releasing new updates they may just accept things as they are and start developing the PS4, this time making it even harder to unlock than than the PS3. Or they may start forcing developers to make any new games detect the presence of a custom firmware thus making us have to modify the LV2 code to provide the backup manager with whatever code the software is looking for.