In the words of MaTiAz himself, "The days of TIFF based exploits aren't long gone, at least not yet." The PSP homebrew stalwart once again brings the buzz back into the scene with the release of the third TIFF exploit for the PSP, the Hello World TIFF exploit for FW 5.03.
So far, this release only works only on PSP phat, but expect a version for the slim to come out pretty soon.
Just copy the files to the memory stick root, disconnect USB and go to photo menu. Don't dismiss the exploit even if it doesn't work on the first time, it's very unstable. You might get it working on the first time, but you might as well have to try it 20 times!
As if that's not enough, MaTiAz even throws in a hint of great things to come in a few days, saying, "P.S. Just wait a few days, there's a bit of awesomeness coming up" in his post.
Everything else you'll need is in the file's readme. Now hurry up and download!
Download: 5.03 TIFF Hello World