A college student from Cal State Fullerton was arrested by federal agents on Monday by illegally running a home business of modifying Xbox, Playstation, Wii and other video game consoles to enable the machines to play pirated video games.

Surprisingly, we've got quite some bare pickings from the industry this week. Guess what comes down must go up. If last week we've had software/hardware dilemmas in terms of quantity, this week, we've got them updates by the truckloads, and the Industry News section takes the backseat.

Ubisoft is hell-bent on putting its foot down against piracy as they are targeting this year to come out with a piracy solution for their games on the various platforms. The publisher has admitted that their products have been dealt a heavy blow because of the piracy, and they are now working on a tool that should cushion the impact of the said problem.

"Is it real?" asks the guy in the vid. That's what we'd like to know. A PS3 Slim was spotted at a street market retailer in the Philippines, where customers inquire as to the authenticity of the new model. Legit or fake? Watch the vid and see for yourself.

Sony's Peter Dille has claimed that they are confident in their 2009 strategy for the PlayStation 3 home video game console, both in pricing and in content. Dille also touched on the PSP's rampant piracy problem, calling it "criminal" and "sickening".

Of the 100,000 Blu-ray copies of Final Fantasy VII: Advent Children Complete sold in Japan during its first day, at least one of those would have been ripped digitally and leaked into the Internet already. Square Enix knows that, and they're sure tightening the noose on ACC piracy.

The ESA board must have been reduced to tears of joy yesterday - to them, I'm sure, they now believe there is a god. This week, the Swedish court has found the four operators of torrent site The Pirate Bay guilty as charged for copyright infringement and illegal activities (digitally distributing illegal copies of games and media content). Of course, ESA is more than happy with this victory against the ongoing war on piracy - so happy, in fact, that they had to come up with an official press release about it!

Just like what they do with their infamous Closed Mega Theater, Square Enix held private screenings for two of their high-profile properties: Final Fantasy VII: Advent Children Complete, and a quick tease for Final Fantasy XIII (PS3, Xbox 360). Again, a select few get to see some Squeenix booty ahead of the rest of us. In the meantime, let's take a look at stuff we're allowed to see.

Well no wonder you've got layoffs in the industry recently - not to mention the shutting down of certain studios and whatnot. According to research conducted by EEDAR, only 4% of the total games out in the market ever make a profit - all other 96% just either break even or lose money. Yeouch.

Downloading torrents is one thing, but attacking merchant ships with guns at the ready and stealing their goods is quite another. I'm talking real maritime pirates here.

Attacks from pirates off Somalia have been increasing recently, which might force merchant ships to take different trade routes. This could potentially cause shipments of various goods, including video game hardware and software, to get seriously messed up.