According to PSGroove, a project is being worked upon to restore bluray functionality for PS3′s that have lost them, to quote:

As many of you already know, consoles are still being afflicted, with the loss of Blu-Ray playback, after downgrading. Chip makers and others, have claimed to have fixed the problem. However, there truly is no working fix at this time. A team of devs, called Project #PS3Bluray hopes to alleviate the problem with your help.
They are asking anyone with a PS3 to run an app they have developed, which will dump certain files related to Blu-Ray playback. It does not matter if the Blu-Ray problem is affecting your console or not, your files are still needed for analysis. Once analyzed, this should lead to a permanent Blu-Ray playback fix! For those that wish to help, please read on!
Please note that the files submitted for analysis do not contain any personal information or serial numbers and can’t be traced back to you. It is perfectly safe and anonymous.
Download: ProjectPS3bluray-DRLbackup_v001.zip
Email files (created by app) to: ProjectPS3bluray@gmail.com
One of the most exciting recent developments is the ability to downgrade PS3s to previous firmwares. Unfortunately this has proven to have an unexpected side-effect for certain older (“phat”) PS3s: After downgrading, systems with 256MB of flash RAM (NAND) lose the ability to play Blu-Ray movies. Despite what you may have heard or what has been promised by certain unscrupulous sellers of USB-dongles, there is no fix at this time.
That’s why we have formed Project #PS3bluray and are trying hard to remedy this situation. However, we can’t do it without you. To find a solution, we need your help! We are not asking for any money; all we need are a few short moments of your time. This is your chance to actively contribute and support the community, by helping find a solution!
WHAT YOU CAN DO TO HELP:
To solve the Blu-Ray problem, we need a file from inside the PS3′s NAND, specifically the DRL1/2-files located inside dev_flash3. DRL is short for “Drive Revocation List”; these files are reponsible for allowing Blu-Ray video playback.
In order to collect and analyze as many DRL files as possible from PS3s with working and non-working Blu-Ray playback, we have created an easy-to-use utility called DRLbackup, which automatically extracts DRL1/2 and creates a zip archive, which we’d then like you to send to us by email.
Please note that this file does not contain any personal information or serial numbers and can’t be traced back to you. It is perfectly safe and anonymous.
USAGE:
1. Start your PS3 in Jailbreak mode
2. Put DRLbackup.pkg into the root of any FAT32 USB storage device and connect it to your PS3.
3. Install DRLbackup.pkg (under Game / Install Package Files), then run it from the XMB.
4. The screen will go black for a few seconds. When DRLbackup is done you will be returned to the XMB.
5. Verify 3 files were written to the USB drive: Copies of DRL1/DRL2, and a .zip file named like: devflash3_.zip
6. Send the zip-file to ProjectPS3bluray@gmail.com (keep the copies of DRL1/DRL2 as personal backup).
That’s it, thank you for your time!
If all goes well, this may lead to a way to return Blu-Ray playback capability to all PS3s that have lost it.
ABOUT:
Project #PS3bluray was formed on efnet by a group of enthusiasts after the Blu-Ray playback problem was discovered, our goal is to find a solution. For serious discussion, join us in our IRC-channel #PS3bluray on efnet.
PS3bluray DRLbackup v0.01 was compiled with PSL1GHT to gather forensic evidence regarding the PS3 Blu-Ray Playback issue.
Thanks to everyone involved!
Your time and hard work is very much appreciated!
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12-18-2010
11:38 PM
This is entirely a copy of what is on psgroove.com in the future if you wish to post please donot entirely copy what is on other sites as it might offend the author who posted in the first place try to make it your own and unique and quote where necessary i hope you understand what is to be done but thank you for your time posting anyway
************* [ - Post Merged - ] *************
AND PLEASE SOURCE CORRECTLY
LIKE SO :
SOURCE:http://psgroove.com/content.php?563-...u-Ray-Playback!
GET THE IDEA NOW
12-19-2010
01:41 AM
So sorry, it's my first post to member news section. And thanks for your correction, now i got the idea
12-19-2010
07:08 AM
@anan_desni thank you very much, front paged.

@ultimathaker people make mistakes, this is his first news post, you made a similar mistake with you 10th+ post
12-19-2010
08:15 AM
Joy! A big push in fixing blu-ray movie playbacks :D
12-19-2010
08:32 AM
HOPEFULLY they can also find a way to make bluray/dvds region free! Then it will ABSOLUTELY have been worth it.
12-19-2010
08:55 AM
Id love to send ya these file but need a better place to download these file rapidshare and the other suck wont let me download without buying it soon as i can download from a other site ill be sending files.
12-19-2010
09:54 AM
I guess I was lucky that when I downgraded from 3.50 using my TI-84 Plus that I didn't lose Blu-Ray. I didn't do anything special.
12-19-2010
11:19 AM
I heard that downgrading to something below 3.41 then upgrading to 3.41 solves this. So you go to 3.15/3.21 then install 3.41
Can anyone confirm?
12-19-2010
11:41 AM
hey guys, i'm not so much having Blu-ray problems, but the whole Videos section of the XMB in jailbreak mode. and i havent done any upgrade or downgrade, it just started messing up the other night, have a look at the video and see if anyone has any ideas, as this is the kinda post that relates to my problem too.....
YouTube - Another nasty PS3 problem
12-19-2010
01:14 PM
I also have the same question as whats quoted above. I have read this in numerous spots. Can anyone confirm these claims?
12-19-2010
05:31 PM
12-19-2010
06:03 PM
ill be more than happy to help is there a way to use this method to extract the data then to try and apply it to try and restore blu ray playback and report back?
and if so how do we do that
12-20-2010
05:47 AM
Then you can get together with someone who has the same PS3 and see if those files help them restore playback.
It's already been proven that restoring dev_flash3 from your original PS3 files will restore your Bluray playback. It is not currently understood why sometimes restoring someone else's will give you bluray playback and sometimes it won't.
12-20-2010
01:23 PM
ahhhh coool thanks for the feedback
i got a stock 3.41 ps3 slim gonna copy the dev3 folder and my bro has his ps3 phat 3.41 stock gonna copy his dev3 flash folder just waiting on 2 e3 card to come in THEN DOWNGRADE and see what happens and ill share the files so other users can use them and donate to the site if they help the e3 usb should be here in a few days happy
12-23-2010
11:47 PM
i did happen to downgrade mine using htc hero cdma it did bust my bluray
i upgraded to 3.55 sent it to sony dident cost me anythign they were none the wiser for me downgrading it i spoke with a gentleman by the name of Nolan Hass from SCEA Corp to get my issue resolved he was able to tell me what was wrong with the console wich was currupted bd data and said"its actually nothing you couldent have fixed with out sending in the console" and "your console actually did give us some new troubleshooting ideas to emplament so if this problem happens again we wont have to fix your ps3" so thats my story belive it or not