Hi guys. I have been a member of this site for some time but haven't used it much at all. I have a PS3 with, I beleive, FW version 3.70. I would like to softmod it but I have no idea where to start. Please forgive me if I'm not asking the right questions or in the right place but as I said, I'm new to this. What I would like to know is, is it possible to softmod my PS3 having the latest FW and what will happen if I do so? I know I will probably never be able to play online while it's modded which is fine for me as I do not play online anyway. But I have searched for this answer to no avail. What else will happen? Will I no longer be able to sign into the chat? No more updates for anything? ever? Will I get banned from everything? Will my PS3 even sign on to the network anymore?