Well, this didn't take very long. It seems that hackers have finally hacked Kinect, and are running it on the PS3. These individuals provided a video, and a tutorial on how to perform this hack. Below is the video, and the link to the tutorial is below that.Source: Engadget
Website of hackers: http://tech.shantanugoel.com/
Is this video real? Or Fake? The poster says that he will upload a new video soon.