Yes, finally someone has created a downgrader for 2.71 psp's and it will be released today at 7:00 pm EST which I'm not even sure what time it is here in my country :P
This new downgrader will turn your 2.71 psp into a 1.5 opening the doors to a lot more people to the world of homebrew. For those of you who don't know what a 1.5 psp can do, well it can execute all sort of home created programs including games, emulators, utilities, etc.
If you're interested in learning more about this new release go here. It's a link to pspupdates which has the latest news about the psp including this so go there and check it out.
Thanks for reading.