Wab and PSP-Dev have tonight released a video that is proof (from what i and other site ops can make out) of the Downgrader in action, and the really hot news is that they are working on not only a downgrader for v1.52 but also for v2.0, now they are taking longer to test this because neither they or any PSP owner wants their brand new PSP killing because of a firmware hack that enables you to play homebrew
Ok so you want to see the video, well click the comments for the link