PSP default

That is the sound of one box cracking. The Saturn Expedition Committee reports a successful writing, compiling and executing of the first homebrew code on the PSP, compiled with the ps2dev chain. They've released the app for download, though as noted it will only run on PSP 1.0 firmware (American PSPs shipped with version 1.5) for now.

Hello World PSP download

[Thanks, Greg and Mike]

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Successful run of homebrew code on the PSP