Originally Posted by tjhooker73
It is OFW and he needs to buy a flasher.
The Coldboot will still be visible because the PS3 Update does not normally contain a coldboot file.
It was just a suggestion. And is what I would try first. Before spending a bunch of money, and taking my PS3 apart.
I had someone bring there PS3 to me for downgrade. It was in the same state the OP described. I entered the recovery menu and installed CFW. The easiest downgrade ever. LOL.