PacManFan has released a new Alpha version of his Playstation Emulator for the PSP, heres what he posted:
"Well everyone,
I've decided to release another ALPHA version of the PSPSOne emulator as a demo so everyone can see how much the speed has progressed.
No BIOS is required for this demo, I'm using the internal HLE Bios built into the emulator. This is the same Paradox demo I released last year, except this runs much faster.
Some techinical info:
-This version is running with the interpreter CPU core, not the recompiler.
-This is running with full 256x256 textures (I can get better speed with 64x64 or 128x128 textures)
-No sound
-Partial debug loggin enabled
-partially optimized build
I'll add a fps counter to all future versions so you can see speeds for yourself. Remember that this Paradox demo was designed to test the very limits of the Playstation."