Do DMCA Exceptions Legalize PSP Homebrew?

PlayStationLifeStyle writes "The Library of Congress recently announced some exceptions to the Digital Millennium Copyright Act (DMCA) that governs usage of copyrighted electronic material. The DMCA, signed into law by unanimous vote by the U.S. Senate in October of 1998, places restrictions on everything from posting copyrighted videos to video sharing sites like YouTube, and even circumvents DRM in computer software and video games."