@
Hells Guardian
: Yes that's what it's for.
Although if you can find someone who would solder it in, you can dual-boot etc (once it's fixed) without spending money on a 2nd clip (there are 2 TSOP48s in NAND PS3's & only one TSOP56 in NOR models).
I'm likely going to steal Marcan42/F0F's idea and do it like this (
LINK) because I have tonnes of 360's and PS3's I'll be using it on.