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Are there any console emulators that still won't work with the latest firmware?
I have a PSP phat and I'm still on CFW 3.71 because after asking before, I've always been told that there are several emulators still not compatible or working on the latest CFW.
The usual like NES, PC Engine, SNES, GBA, Genesis, GB/GBC, MAME, etc, etc.
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Dax has done a great job of porting all the 3.x kernel calls to the new 4.xx/5.xx Sub System. It's actually several times better than the conversion that noobz made in terms of compatibility but then again Dax did publish the sdk for 3.xx.
So yes almost everything that works on 3.xx will work on 5.00 no worries