It has been a long time since anyone has heard of booting any kind of ISO from the PS3, but hacker by the name of ifcaro has released his version of PS3 USBADVANCE which allows us to boot PS2 games on PS3 via HDD!
His version currently only works on Japanese models but a PAL version is expected to be released soon. PS3 USBADVANCE has been confirmed to be working on the latest PS3 firmware and is available for immediate download.
The program requires the use of Swap Magic to load the ELF file and can be downloaded below (If anyone wants to make a step by step tutorial feel free to post it in the tutorials section and I will link it here):
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If you got an error while installing Themes, Software or Games, please, read FAQ.
PS3 Game List Wborland has updated PS3 Game List bringing it to v1
Metal Gear Solid 4 - 100% Complete Big Boss rank obtained on Extreme, 69/69 weapons, all costume and camos (except Corpse camo), all items including stealth and bandana (except scanning plug), all face camo, almost all iPod songs (missing 5), 3000000DP+