Alright,first of all,welcome to the psp world!

1)Yes,you'll need custom firmware if you want to do so.The latest version is 5.00M33,but versions like 3.52m33 --> 4.01m33 are just as good.

2)Yes,you can revert it back to official firmware using a Pandora's Battery,but no,you will never want to do so,trust me

3)You can enjoy homebrew which are third party games,applications and many more developed by fellow psp users who expertise in C/C++,Lua and other languages.You can also enjoy plugins,themes and many other cool features.

hehe,no problem.

1)Is it 5.00 or 5.00M33? If it has the m33 extension behind it,then you have a custom firmware unit in hand.Else,it is an official firmware unit and you'll need a Pandora's Battery to hack it,or in other words,install custom firmware in it.

2)When i say Pandora's Battery,i mean a Magic Memory stick as well.This is because a Pandora's Battery won't function unless a Magic memory stick is set up,and the very same will happen if you try to use a Magic memory stick without a Pandora's Battery.

3)That only works on custom firmware units.

Alright,if you have a official firmware unit,you can meet up with some people in this forums who are willing to hack your psp for free.Kind people like Lacus and many other people,for sure will be willing to do it for you.You can contact him,and ask him about it.

Enjoy your psp life man!

1)Ah,then it for sure is an official firmware unit.

2)Magic Memory Stick actually is standard memory stick pro duo which has pandora files on it.That's why it's known as the Magic Memory Stick.The creation of this memory stick is EXTREMELY easy judging by the fact that all you need to do is to run the easy-installer on your PC and it's done.

3)Oh,sure

See my reply above,and tell me which option suits you best,and i'll try my best to guide you through it.

1)That's brilliant.If so,you're all good to go!

2)Here,use this guide.It's very simple,and if you mess up,you can reformat your memory stick and go through it all again.

Pandora Guide

wtf.. RM23?
damn...

i am not sure about slim & lite but if it's a phat.... pop ur UMD door.... and look for a set of numbers there.... i think it was a tut given by some other members here before....

yes it was said the MOBO for the latest PSP 3K and later batches of PSP 2K and "un-modable".... i think i made up that word....

Ah,they cannot be modded because these motherboards are the latest attempt by sony to prevent users from hacking it using a Pandora's Battery.In other words,these mother boards,for the time being,are Pandora proof.

That,i'm not sure.I am a fat psp user,so yea,i don't know about the slim motherboard.I'm sorry man.

Cool man,i'm sorry i couldn't sort you out on that

Anyways,good luck

Hi! Im also new 2 this. after u hack 2 CFW...can still used it to surf internet with  the wireless mode.
Coz im afraid that it will autoupdate the legal FW and brick my PSP.

Yes,you will be able to do EVERYTHING that can be done on an official firmware psp.Don't worry man

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Added on October 28, 2008, 7:08 pm

That,is another feature that may cause some problems.But recent M33 firmwares DO NOT have the official firmware update function.This is because Dark_AleX has replaced it with a "custom firmware downloader" instead.So,if you "accidentally" hit the network update option,you won't be disappointed