Fanjita constructs FAQ on PSP v2.70 Firmware

The recent release of PSP Firmware v2.70 has made people wonder about the possible effect this new software could have on the future of Homebrew.

To clear up some of those questions, Fanjita evaluated the new firmware and constructed a quick FAQ:

• Homebrew does not work on v2.7. The GTA exploit is thoroughly patched, and the TIFF exploit is still patched [Confirmed by QJ.NET already]. 
• It's unknown when homebrew will be available on v2.7. A whole new exploit needs to be developed.
  
• In Fanjita's opinion (shared with EdisonCarter) there is no future for the GTA exploit on v2.7.
• LocoRoco is an encrypted, signed EBOOT. The only way to run homebrew in the same way is to get Sony's encryption key and sign the homebrew. This is impossible.
• There could possibly be an exploit to be found in all the new function, e.g. flash player, AAC support, etc. Fanjita and his team are not currently working on one.
• There might be an exploit to be found in another game. Fanjita and his team are not currently working on one.
• There's no truth in the rumour that v2.7 has made Fanjita and his team angry, and that they are going to work on an ISO loader as revenge.
• The LocoRoco demo REQUIRES v2.70, even if you hack the PARAM.SFO in the EBOOT. 
  

Following this, he drawn the conclusion that the firmware upgrade brings little benefits (therefore, it is not worth upgrading) due to slow support in regards to Macromedia Flash files and the possibility that we might not see v2.70 compatible homebrew for at least the next few months.

The recent release of PSP Firmware v2.70 has made people wonder about the possible effect this new software could have on the future of Homebrew.

To clear up some of those questions, Fanjita evaluated the new firmware and constructed a quick FAQ:

• Homebrew does not work on v2.7. The GTA exploit is thoroughly patched, and the TIFF exploit is still patched [Confirmed by QJ.NET already]. 
• It's unknown when homebrew will be available on v2.7. A whole new exploit needs to be developed.
  
• In Fanjita's opinion (shared with EdisonCarter) there is no future for the GTA exploit on v2.7.
• LocoRoco is an encrypted, signed EBOOT. The only way to run homebrew in the same way is to get Sony's encryption key and sign the homebrew. This is impossible.
• There could possibly be an exploit to be found in all the new function, e.g. flash player, AAC support, etc. Fanjita and his team are not currently working on one.
• There might be an exploit to be found in another game. Fanjita and his team are not currently working on one.
• There's no truth in the rumour that v2.7 has made Fanjita and his team angry, and that they are going to work on an ISO loader as revenge.
• The LocoRoco demo REQUIRES v2.70, even if you hack the PARAM.SFO in the EBOOT. 
  

Following this, he drawn the conclusion that the firmware upgrade brings little benefits (therefore, it is not worth upgrading) due to slow support in regards to Macromedia Flash files and the possibility that we might not see v2.70 compatible homebrew for at least the next few months.