It is already on pspupdates so
Hen C users can emulate 1.5 then EMULATE 2.82 if they want
SINCE they have 2 devhooks! (the rar package has )Devhook_2.71(HD Folder Hex-Edit)_Dodswm) extract that.
(delete your DH folder, do a fresh install) in your now put the HD folder included and put the 1.50 files and RUN!!
Then follow Hardrives guide to install Devhook 0.50 :)
(Dodswm has done this)