Yep, you read that right folks. Mere days after its launch and somebody's already hacked the PSP Go. Hold your horses, though! There are a few caveats.
The one responsible for this hack is FreePlay, who you may know for his work on the Sparta SDK and his recent run-ins with Team Mack. Before you go out an buy a Go thinking it's wide open to homebrew, here are a few disclaimers from the dev:
* This was a known exploit that was abandoned because better prospects came along. I did not discover it; I just figured out how to make it work properly. Better hackers than I likely figured it out way before I did; they just never used it for anything I know of.
* I won't be releasing this or divulging the name of the game involved. It's a proof-of-concept, and it may become more developed privately, but until there's a worthwhile reason to release it it'll stay private. I'd prefer that Sony not patch it before it becomes really useful.
* It's user-mode only, meaning no flash modification, no piracy, no advanced custom themes, no plugins - none of that. I wouldn't expect anything else to come from it, unless I get some help.
There's no telling if this exploit will eventually be made public, but at least now we have definite proof that the Go isn't homebrew-proof after all. Kudos to FreePlay for a job well done (also, thanks for telling us about it)!
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Very good news for those thinking of picking up a go and want to play nintendo and other legacy systems ^_~