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Also for rooting the console, which makes it way easier to run cracked games. I think I saw a browser being used for getting root access first with PS3 unless I misremember.
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Weird to see this is still a thing on the latest console generation. Xbox runs software under HyperV which should make exploitation difficult
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The PS5 also runs apps (games/browser) under a hypervisor. There was a hypervisor escape though coupled with webkit as an entrypoint:

* https://ps5dev.github.io/ps5-wiki/hypervisor

* https://github.com/PS5Dev/Byepervisor

* https://github.com/PS5Dev/PS5-UMTX-Jailbreak/blob/main/READM...

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