Are you talking about Red Dead redemption Goty or the original version? If its the original it can be played with no problem. If it is the game of the year edition then you can't play it yet without update your ps3. You have to make a decision : Update your ps3 to play this game and loose all homebrew, or , wait patiently for a fix to play the game that could take months, years or may never com at all.
There's a new custom firmware right around the corner, so it won't take "months or years". If I were you I would just wait since we are so close to being able to play 3.60 games and above.
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