Sony Comments on PSP "Update" Software
"We have become aware that there is a software program going around on some Web sites and Internet bulletin boards claiming to be an update file that rewrites the system software of the PSP hardware. This software has not been issued officially by SCEI and does not function properly. We advise our users not to execute or apply the program as it will cause the PSP hardware to stop operating."
The file does list some interesting possible future updates for the unit including: a web brower, email, voice chat, word processor, and even a spreadsheet utility. Unfortunately, they are filled with dummy data that will wreck your PSP, so stay far, far away from this update.
1/19/2005 Aaron Thomas