Of course, there is a premise must explain that the crack based on 4.05 firmware (currently updated to 5.05), which was released in 2016. Moreover, the patch used by hackers was blocked in 2016 in 4.06.
At the same time, developers use reverse engineering also allows the installation of PS2 games, as long as the ISO image can be. In other words, after the crack, then Sony’s backward compatible can play more IP in essence, do not stick to the store.
Taking into account the current number to meet the crack requirements of the PS4 will be very small, see hackers can get two things, a release system downgrade tutorial or a breakthrough in the latest firmware, otherwise, the meaning is not that big.
Reference: Eurogamer