Who says we can have custom firmwares? I still think bricking can occur when writing to flash on 1.0.
Writing a custom firmware is not as simple as you all think, unless the person making it is using all of Sony's PRXs and libraries, and then it could not be distributed over the net without infringing on Sony's copyrights.
You can bet all custom firmwares would be shot down in a heartbeat by Sony. Its bad enough we have been one step ahead of them for the past year. Throw in a custom firmware made using Sony's copyrights and that could spell disaster for the entire homebrew scene (cause then Sony has a solid reason for taking legal action).
Writing all of the drivers for the PSP from scratch would take the better part of a year. Not to mention, it would instantly divide the homebrew scene: Sony Firmware Homebrew and Custom Firmware Homebrew.
Getting your favorite emulator to work on a custom made firmware would require extensive recoding, if not an entire overhaul, since the means that the two firmwares would handle things would be different.
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