deroad has released PSChannel v1.05.

1.05 changelog
Fixed HDD Size bug for all FW
Fixed abort bug
Fixed chaching bug (now it loads immediately)
Fixed download bug
Fixed donwload limit bug
Fixed server serverside bugs
Fixed syscalls bugs (now all the fw will reboot)
Fixed exit bug
Fixed performance bug
Fixed copying performance bug
Fixed menu overflow bug
Fixed freeing memory bug
Code cleaned
Added performace patches
Changed loading code to do not overload the server
Added Lang support (now you can translate this)

for those that wants to translate this, use only utf-8 chars. you just need to translate these 2 files: /dev_hdd0/game/PSCHANNEL/Categories.txt /dev_hdd0/game/PSCHANNEL/Lang.txt the firs one contains the category names, the second one contains all the strings that needs to be translated

Download it from the Brewology Store.