No, you cannot play Emulators or Homebrew on a v2.50 PSP...and just to let you know emulators ARE homebrew, therefore if one works the other will!
The only PSP Firmware versions capable of running homebrew are 1.00, 1.50 or 2.00!
However, version 2.00 is currently limited to can run!
It might be possible to decipher the barcode to work out the version, but I have no idea how!
To check the version once you have purchased the PSP you will need to use the menu to navigate to:- Settings->System Settings->System Information
Some folks are currently working on getting Homebrew running on v2.50...although progress is slow!
Cheers,
Fox
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