i just found this on psp3d.com
"New Video Exploit in the Works!
Nov 20, 2005 - 5:57 PM - by Admin
What we've all been waiting for!
(warning, there is some explicit content in the video which was used during the hack)
EDIT: Currently works on 2.0 and all other lower firmwares (1.5, 1.51, 1.52)! We have tested it on 2.5 and it didn't work, but we are recoding it so it may work on 2.5!
PONG WORKS! MAJOR NEWS!"
"The PSP 3D hack team is currently working with the author on getting the exploit further. Be sure that we will bring you the news FIRST.
The exploit is on a 1.5 AND 2.0, but chances are, this might just work on 2.5, as Sony never fixed this exploit before! We are testing it on a 2.5 now.
WE ARE WORKING AS HARD AS WE CAN. Please bare with us.
Made by user "VitoRulez715" AND PSP3D hack team. Props to him and us!"