I'm doing my best to try and keep up to date with everything that has been happening in the PSP development scene in the past couple of weeks. And one of the more interesting developments has been the MPH Firmware Emulator (I don't think that's the exact name, but yea).
So far, despite everyone's best efforts, v1.5 still is the best version of the firmware to be developing for. Anyone who has anything above v2.0 is basically screwed right now in terms of decent homebrew, despite advances through the GTA hack.
I know there are currently no methods for downgrading newer units, but it seems to be that despite everyone saying that forward is the only way to go, backwards seems to be the way to do it. With things such as the MPH Firmware Emulator starting to gain more and more functionality, are people who have newer PSPs doomed to never really be able to use everything they want to, whilst people who lucked into an older PSP still gain access to all the new features through firmware emulators whilst still being able to run all the homebrew software they want?
Sorry, I know this is a semi rant. I'm just frustrated over the fact my PSP is v2.01 and I can't do a thing about it.