Well it's been 3 years since PARADOX stated they would release their iso loader and i've made this thread which is 97% fact to explain why
First all name all the supposed loaders
1. Paradox ISO Loader
2. Ferrox ISO Loader
3. Jackeys ISO Loader
Ok, ill start of with Jackeys, it was just text files that were renamed.
Next ps3load3, it seemed real, had a video, even looked like somthing you could accomplish: however it was just a video playing from the computer hooked up to the TV.
Third Ferrox, Ferrox was real according to it's owner however it was not released because it was signed code not an exploit, no tricks Naneo the maker had paid for a dev kit and license so if she released it; chop off goes the head.
And finally Paradox the immaculate, this is very interesting as no videos were ever made, no pictures taken, but still many high-in people knew it was real. The most mysterious of all was the last thing they said was that there was an error on the PAL ps3 and made a long cussing letter about the leechers. So this may not have come out for 3 reasons.
1. They hated all the hate mail from people who were tired of waiting.
2. It was fake.
3. The exploit they found only worked on the NTSC-J 60GB ps3 release model and required hardware mods for activation.
4(very unlikely). it was signed code and Sony would **** a log and send Hitmen to track them down and kill them.
So thats the main reasons that they were never released, also if you know something a don't please post.