It shouldn't come as a surprise that the homebrew community has miraculously decrypted the latest PSP firmware in less than 24 hours. The homebrew community seems to be at war against Sony, who's desperately trying to close the security holes in their firmware and slow down the rampant piracy that can jeopardize the PSP as a viable platform.
Firmware decryption isn't helpful for the average PSP user, but it will be for other homebrew coders. Undoubtedly, PSP whiz kid Dark_Alex is working on a new open edition firmware for the system. Will Sony ever be able to regain the momentum in this battle?