Definitely, the video is from ~8 months ago, when 4.87 had not been released yet. I only want to monitor the temperatures and such (and maybe edit fan curve, heard that's possible). Would that be doable with a non-debug custom firmware?
Yes, you are going to be able to use all the tools related with fan control, there is not a requirement for debug stuff
Some of the patches applyed in HEN and CFW enables some debug features btw
I think I am going off-topic here, but if I may spam you (or anyone else willing to answer) with another question, if I use the 4.87.1 HFW for now, can I just use the PS3 Toolset v1.1 to go to a 4.87 CFW with no additional hassle involved?
EDIT: Also, saw the PS3Xploit site is down.. is this in preparation for the new update? I am very impatient

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Many thanks, once again!
Think i it this way, your PS3 fat is compatible with a patch that allows to install CFW
The patch needs to be applyed to the flash (a chip soldered into the motherboard), and there are 2 ways to do it, by hardware or by software
To do it by hardware is required to buy a hardware flasher, and either solder a bunch of wires to very tricky points of the motherboard... or buy a "clip" that is attached on top of the flash chip
But in your motherboard model is more challenging because it have 2 flash chips of NAND type... so you would need to repeat the process 2 times
This requires money, time, reading a lot to learn from tutorials and the experience of other users, etc...
And the other way to do it is by software... the exploit hosted in the bgtoolset web initiates a process that writes the patch to your flash chip/s
The exploit is compatible with OFW, HFW (and not sure if CFW too) of the latest versions, since 4.84 or so... and soon compatible with 4.87 too
One way or the other (by hardware or by software) after the patch has been applyed you can install a CFW 4.87