Apperently it is....
Go onto folding@home and it prompts u to update, It then becomes Life with Playstation
But some people like me can't get it and yet and some can
http://www.n4g.com/ps3/News-200321.aspx
Edit: The update is there because on the 6 or 7th time of starting folding@home i got it. Then it cut out
I'll keep trying