so far you cannot run emulation/homebrew on any version other higher than 1.5.
so yeah youd be outta luck if you upgraded to 1.51, 1.52, 2.0 and wanted emus.
however, im sure that in time someone will release something that will enable hombrew/emulation on the newer firmware, be it cracks, or outright modding the hardware. (im hoping for a modchip so i can play newer games and still keep my emus)
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