Thanks to a new exploit called "Illuminati", the very first homebrew came out for all psp's up to and including firmware 3.50, a homebrew enabler, and downgrader are expected within the next day or two..Yes, that means that any psp with firmware 3.50 or lower will soon be able to downgrade and experience the wonderful world of homebrew, apps, emulators, and game loading from the memory stick.....What a great day for psp owners....Here is a link below to the exploit...

http://pspupdates.qj.net/Illuminati-...g/49/aid/95872