The upcoming release of the PSone emulator by Sony is their attempt to stop a lot of homebrewers and make a bag of cash in the process.
Now if a coder on this scene were to release a Full Speed or near full speed PSOne emulator for PSP would this be the catalyst for Sony to punish the coder/release site and the homebrew scene as a whole ?
Lets be realistic, its very likely a full speed PSOne emulator can be done by porting one of the great PSone emulators to the PSP, but Sony have been known to get pissy in the past with PSone emulators for Windows, Mac and Dreamcast.
If such a release were to happen what do you think would be Sonys Reaction ?