What I think really lies behind all these efforts by Sony to deny access to the device from hobbyists is the fear that the unlicensed content (NOT pirated) they might be able to create would dig into the sales of licensed games. Ie, DRM on the PSP exists as a barrier to entry to independent developers. And we've seen time and time again how open platforms create more interesting innovations in the long run.

Personally, now that I finally received my PSP back from warranty repair, I'm going to be experimenting with turning it into a home theater remote control. For that, I don't even need to hack it to run homebrew software - the built in web browser will serve just fine.

In the meantime, I'm also looking forward to getting to play with GTA how it was intended, not as a platform for launching other stuff.