Perhaps Sony took the biggest sigh of relief after LulzSec posted an announcement declaring an end to its 50-day hackathon, but there's still plenty of work to be done. The next step for Sony is to defend itself from (or settle) a class action lawsuit accusing the firm of being negligent with online security, negligence that ultimately led to numerous attacks and the loss of private data, including credit card information.

On the surface, the hacking group known as LulzSec appears to be a cocky bunch that's seemingly well organized and capable of backing up their bravado, who are unafraid to take on the U.S. government and any other entity they deem worthy of their time and effort. But are they as confident, organized, and capable as they appear to be, or do they fit the mold of the stereotypical teenager hacker, like the 19-year-old who was arrested in the U.K. earlier this week and believed to have played a major role in LulzSec's operations?

George "Geohot" Hotz received a mountain of criticism for backing down on his scuffle with Sony and settling out of court, in part because so many donated money to his legal battle. Hotz has since made amends by donating leftover legal defense money to the EFF, but many are still furious he didn't fight this thing to the end. Given what might go down with another PS3 modder -- Alexander "graf_chokolo" Egorenkov -- Hotz might have made the right move after all.

In this latest edition of As the Hacking World Turns, the hacker group known as Lulz Security (LulzSec) celebrated its 1,000 twitter post, issued a long-winded mission statement that boils down to the group saying, "we do things just because we find it entertaining," and the announcement that it's teaming with Anonymous, another hacking organization, to effectively declare war on "any government or agency that crosses their path."