1.Latest firmware version is 4.25
2.You can't play pirated games with the latest version. Also no PSN/Online support for pirated games.
3.Original versions - Yes. Pirated versions - No.
4.Only pirated games needs to be copied to an external hard drive. I think price is few 100 bucks per game.
So unless you find a ps3 with old firmware in it, it will be quite impossible to play pirated games on the ps3 with latest firmwares.
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