BREAKiNG NEWS: Homebrew on v1.50 PSP! Posted By: PS2NFO.COM On Today 02:22 AM
CybBlade of our Forums (and iRC EFnet #PS2Ownz) confirmed tonight that PsP-Dev now have a working v1.50 exploit for running "homebrew" or unsigned code from it, similar to what NEM did for v1.00 firmware PSP users. A brief video of this in action can be found on their Web site HERE for those interested, and on 6/15/2005 (15:00 GTM+1) they plan to publically disclose the method used in Tutorial format to the world! We at Team PS2NFO congratulate our Spanish affiliates, and look forward to LOTS of nice "homebrew" releases to follow along with even more UMD dumps! Please post all related feedback on this VERY COOL news in THIS on-going Forum thread. Finally, we'd like to make it known that the legitimacy of this news has already been 100% confirmed by myself via high-ranking scene elders... so no, this is NOT another "fake video" nor publicity stunt- it's REAL!
Even so, a large portion of that is still theft. A big percentage of the NES, SNES and N64 libraries are going to become profitable items again, due to the download features of the Revolution. That's theft of sales, and there's no reasonable excuse for it.
Most people don't have problems with that. It's just as if they are downloading media illegally through programs like Limewire or Kazaa. I just think that the PSP is more a computer than a gaming device.