The recent exploit for 2.60, although functional, has already reported making a few "bricks" in the hands of inexperienced PSP modders. Developed and tested as functional, this downgrade program uses the Grand Theft Auto eLoader program and successfully downgrades 2.50 and 2.60 PSPs to the vaulted 1.50, enabling happy gamers to play a slew of homebrew on their portable gaming devices.
Source:
PSP Updates
Update: It appears that shorty after posting this, a similar article was posted on Slashdot and in affect has taken down the PSP Updates website.
Written by: Dave Horvath @ 1 Jul 2006 14:58