A True PSP Hack
An enterprising prgrammer with the handle Mr. Mirakichi has hacked the PSP and made it run a program called RIN that let the PSP play software written for the original black-and-white Nintendo Game Boy system.
Wired News has a great article and even some Screen shots of the emu in action.
Wired also goes on to say that "There is one catch -- so far, the hackers have only found a way around the security of the original firmware that was installed on the first batch of Japanese PSP systems. Later units, including every one released in the United States, contain version 1.5 of the firmware, which tightens up security."
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