Shotkill19 managed to get in the conversation with the PS Jailbreak team and it seems that he has found some interesting news with it. You can read below, part of the conversation with the PS Jailbreak Sales and Shotskill19 in MSN:
From what i can understand, it is not the PS Downgrade product, so we are looking on another different type of solution to enable PS3 Jailbreak mode in 3.50 firmware. But, why do they choose Christmas for the release? Well, if you ask me, i think they are going to rake in as much as possible in the peak of the holidays before someone reverse engineered their exploit much to what Mathieulh and Co. has did to PSGroove. It really does make sense now coming from the team who shake the Sony Playstation 3 legal department office.