Just to make things clear, at this time the new exploit doesnt run any of the Emulators and Real Homebrew on this Site, yes its a great find but unlike the PSP-Dev Exploit where you could run Homebrew from the word go this doesnt have that feature, whats needed is a boot loader of sorts to enable you to run homebrew, and someone on slashdot posted this which sums it up nicely:
So far only binaries smaller than 64KB can be run and only in user mode not kernel mode. NO ACCESS TO KERNEL NO DIRECT ACCESS TO FIRMWARE Still a long way to go before a full exploit.
So there you go, ive no doubt that some smart git will find a way and thank god its not some Downgrader that will brick your PSP. Until theres real proof that real homebrew can be run on this exploit i should just wait patiently.
Anyway theres been 3 releases of v2.0 text mods for want of a better word 2 variants of Hello World and more interesting the Creator of PSP Advance has released Starfield, heres what he says:
Based on the original 2.0 exploit code. I just love star fields. I blame it on the old qbasic days. Written by me: Lok Tai (Andy) Fung da DJSP/PSPAdvance guy. source is included for all you dev folks. I did this for fun. Absolutely no use whatsoever. It was interesting writing this program when I don't even have a 2.0 yet. I had to scour the irc channels for someone to help. Thanks FlongP. Shameless plug: PSPAdvance Coming soon. And thanks again to Groepaz/Hitman for the exploit code.