Rumor: PSP Modchip Coming Soon
Rumor has it (note
RUMOR has it) that a modchip called “Undiluted Platinum” is coming
very soon for the PSP. What can it do? Boot custom firmware and load
unprotected/homebrew code. That means running games from your memory
stick.
A hardware solution would be more sturdy than the hacks people have
been using so far to get the PSP to run custom code. However, if Sony
can detect if the chip is installed, they can brick your PSP until you
take it out, or somehow by pass that code. It never ends. – Jason Chen
Read: First PSP Modchip Announced - Undiluted Platinum! [DCemu]
Source: Gizmodo