The "older" PS3's have memory card slots. Pop out the SD card from the camera. Insert the SD card into the PS3.
Pretty easy to find the videos on the SD card.
On a HDTV it looks great.
It has slow motion playback. The newer "slim" PS3's don't have memory card slots.
Now if I can figure out the video editing software
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Thread: GoPro HD video playback on a PS3