Can I run my PS3's internet connection off of a phone with a mobile hot spot

like the Droid X? I have a PS3 and a rather crappy internet connection due to poor DSL. What i am wondering is weather or not i can get a phone (like the Droid X) that does the whole "mobile hot spot" deal and run my PS3 internet connection off of that with any reliability. Has anyone here tried it? can you play online games with it? or even just download updates and the such? thanks in advance for you help!
 
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