Posted By: bandit
KaKaRoTo known for his PL3 payload and most recent custom firmware, has just tweeted some very exciting news. PS3 users everywhere will finally be able to downgrade their 3.55 consoles. KaKaRoTo, with the help of fellow dev, Xtse, has stated that he successfully downgraded his 3.55 console to 3.41. However, due to the possible risk of bricking your console, he is not quite ready to reveal the method. Once it is more stable, KaKaRoTo will release the downgrade.
First downgrade from 3.55 to 3.41 successful, Thanks to Xtse! Method not yet ready for the masses because of risk of bricking the ps3.
Source: KaKaRoTo's Twitter