Fanjita has released the "source" of his work so far today on this newly discovered exploit. If you would like to take a look at it and continue investigating, have a look!
Only for v2.5 / v2.6.
Based on Proof of Concept code by Hitchhikr / Neural.
Function : Attempts to load ms0:/kernel.elf using sceLoadModule/sceStartModule when in kernel mode, after writing a NOP to 0x8801A5B4.
Diags: Writes a log of operations to ms0:/GTALOG.TXT.
If LoadModule fails, writes the error code to ms0:/failload.trc.
If StartModule fails, writes the error code to ms0:/failstart.trc.
Source for the interesting bit:
void kernel_proc(void) {
// Dump'em all - read access
int handle;
int luid;