Forgive my ignorance, but what practical purpose does this serve? Is it just to be able to use a PS3 for something else like a render farm, or does it affect how games can be played?
With the hypervisor out of the picture, a real, uncrippled Linux system is possible on the PS3.
Edit: yes, there is currently "linux" for ps3 but AFAIK it has limited access to HW, done on purpose by Sony. Running a true native linux would unlock the full capability of the hardware to the OS.