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Your PS3 must be jailbroken and on 3.55!!
1.) Download the latest Rebug Spoofer [url=rebug.me]Rebug.me[/url]
2.) Install though the XMB
3.) Run Rebug Package Update in the game section
4.) Follow the onscreen prompts
5.) If needed your PS3 will reboot when it's done
Enjoy PSN on 3.55

I tested this and it runs perfect.

NOTE #1: It does not work for users with the Cobra CFW firmware installed, due to the way the dongle does internal security checks.
NOTE #2: For it to work on 'True Blue' you need to downgrade your dongle to v2.51 and make sure you running v2 of their CFW
NOTE #3: If you run any problems, remember to try a 'clean' CFW installed, with no reACTPSN or other spoofers or mods added!
NOTE #4: DON'T ACTIVATE/DEACTIVATE your PS3 on PSN to much in ONE DAY or Sony will LOCK you out for a WEEK