Wired's written a great article on the status of PSP hacking and some of the great stuff that its in the works. Also goes over the 1.5 firmware that is currently being worked on so that homebrew can once again be done. Once 1.5 is cracked emulators can be played on the newer Sony PSP handhelds.

That's the traditional phrase that programmers display when they create their first piece of software for an unfamiliar operating system. Owners of Sony's handheld PSP game system were delighted to hear May 5 that a hacker had managed to write a small program that displayed those words on a PSP. They wondered what would be next.

As it turned out, it only took hackers five days to go from "Hello World" to Mario World. On May 10, sites like PSP Hacker reported that a Japanese hacker known only by the name Mr. Mirakichi had developed a program called RIN that let the PSP play software written for the original black-and-white Nintendo Game Boy system.

Read the rest of Wired's PSP Hackers Go Retro article...