That PSP hack, that was wired about a few weeks ago has hit the interblogs, and we predict all hell will be breaking loose any moment. Un-retired homebrew mastermind Dark_AleX has come up with a little number called Timemachine, which is capable of spinning your PSP back to all sorts of crazy firmwares at the touch of a button.

Source- http://www.engadget.com/2008/02/16/psp-super-hack-hits-the-internet/