PSP-3000 fully hacked? Not yet, but we’re getting there!

Thanks to Fanjita it looks like we have an eloader that runs straight out of Phantasy Star Portable.
The best part is that it could yield a great HEN or downgrader. Remember the GTA:LCS exploit? It works similar to that. Except here, it uses Phantasy Star Portable.

Release notes fron Fanjita:

Guide for running the developed Phantasy Star Portable Exploit:

• Check that you have an Japan or US version of Phantasy Star Portable (Japan: ULJM-05309, US: ULUS-10410). Work on the European version will be following soon.

• Extract the contents of the ‘MS_ROOT’ folder from the ZIP file into the top-level of your memory stick. (HINT: If you wind up with an ‘MS_ROOT’ folder on the stick, you’ve done it wrong).

• Start the game, and as soon as it gets to the ‘Press START’ screen, press START. If you wait until the demo has started, the exploit may not work.

• The screen should go blank, and the exploit will start after a few moments. It doesn’t do anything except look pretty at this stage – but feel free to enjoy the first homebrew on your PSP Brite.

Oh by the way, this is a joke. April Fools style.