Explanation of 1.50 Single-Memstick Exploit
Alright, lots of confusion since the "release" of the exploit this morning (actually at noon GMT I think). Since links aren't working, and downloads are messed up, etc., here's the simple explanation.
Use the 2-memstick explioit, and you'll get 2 folders. One of them would go to the 1st memory stick, and the other would go to the 2nd memory stick. Instead of leaving it like that, you have to rename the 1st memstick folder by adding a "%" in front of it. For example:
I have "N64EMU".
I run the exploit thingie and get folders "MS1" and "MS2".
I rename the folders to "N64EMU%" and "N64EMU".
I place both folders on my stick.
I play my (non-existant) N64 emulator.
Just to clarify, there is no N64 emulator (yet!), it's just an example.