As the Gamespot member learned the hard way, this service simply offers you access to BitTorrent sites, where you download illegal content that's freely available on the shadier parts of the web. However, PSP Blender uses really shady tactics to get a sense of legitimacy. Look at this website, which can be seen frequently on Google AdSense (which PSP Fanboy uses). There are tons of review sites that have PSP Blender as their "top choice." Strange? Well, not when the sites are owned by the same people. A WHOIS record for both sites display the same registrar in nearly the same time. Every "review" on the site promotes PSP Blender. Sounds credible, right?
McAfee's SiteAdvisor shows that PSP Blender received numerous complaints, and the site is now listed as a "Phishing or other scams" website. It appears there are tons of similar sites out there, and all of them seem to be as shady as this one. Next time you're surfing the web, be mindful of scam sites.