So you've got a pandora. Great, you say... I can hack my PSP. Woohoo. But what else can I do with it?
Well... you can use it to flash customized gameboots, fonts, etc. on official firmware, for one thing:
You can also run some 1.50 kernel homebrew on a slim PSP:
You can also back up your PSP's flash chip, COMPLETELY obliterate the data on the chip (including idstorage and partitioning information), and repartition/reformat/restore the system, like I did when my slim PSP stopped working if there was no pandora in it.
Just thought you guys might like to know :) Pandora is much more versatile than you might think.