Superb!! I have checked a few sites and lots of people confirm it to be working. The only question now is if you want to lose the V2.0 features.
NOTE:- THE TEXT FILE INDICATES THIS COULD BRICK YOUR PSP SO YOU USE IT AT YOUR OWN RISK.
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"Children are smarter than any of us. How do I know that? I don't know one child with a full time job and children." - Bill Hicks.
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