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This is a discussion on will I be able to get whatever DAX is making if i have sony frameware 3.40. within the PSP Firmware Discussion forums, part of the PSP Development, Hacks, and Homebrew category; topic...
nah you won't, you'll have to wait for a downgrader, which no one knows when it's coming out.
There is no current exploit to allow Normal 3.10 - 3.50 to downgrade, this also includes Homebrew.