From news on one handheld console to another, this time we're talking security, however. Sony's wonderful, protected UMD media is... no longer protected. Hackers have found their way past the copy protection.
Sony is keen that third-party providers offer music and movie content in UMD, though few major names beyond the Japanese giant's own content companies have agreed to do so. To date, Sony has touted UMD's DVD-like region coding, unique per-disc ID number and AES-based content encryption system as suitable protection for UMD-stored content.
[The Register]

Thanks to Matt for the linkage.