Ced2911 released a new version of his PS1 emulator using the free/legal libxenon for homebrew/JTAG 360s:
[QUOTE]
Pcsxr-xenon is a sony playstation 1 emulator using libxenon, based on lastest PCSX-Reloaded source code available.

What's new/fixed:
* New gpu plugin, allow to play game in hd !!
* Load game from fat, ext2/3/4, ntfs device
* Save states support

Thanks:
Gligli, Razkar, Tuxuser, [c0z], lantus, all the libxenon-dev team

Official Site/Download: http://libxenon.org