No need for all of this. You can currently soft-mod Playstation 2 consoles by installing an exploit on a memcard.
Only catch is, you need a hacked/modded Playstation 2 to install the exploit on the memcard for you.
If you know someone who has that, you're good to go.
http://www.tehskeen.com/forums/showthread.php?t=8904&highlight=playstation+memory+cardJust thought I'd mention it as no people on this board seem to know about it.
Have been a long-time lurker. >.>