Well, so much for the Wipeout hack amoungst other things:
[I]Features updated in system update version 2.00 include:
Network
- An Internet browser has been added.
Video
- 4:3 Screen Mode has been added (for video saved on Memory Stick Duo™ media).
- Go To feature has been added (for UMD™VIDEO and UMD™MUSIC).
- A-B Repeat feature has been added (for UMD™VIDEO, UMD™MUSIC and video saved on Memory Stick Duo™ media).
- Audio options have been added (for video saved on Memory Stick Duo™ media).
- MP4 (AVC) has been added as a playable file format (for video saved on Memory Stick Duo™ media).
Music
- The combination of SonicStage™ version 3.2 (or later) and PSP™ system software 2.00 (or later) has made it possible for music files in ATRAC3 plus™ format to be transferred to a Memory Stick PRO Duo™.
- MP4 (the audio codec for MP4 format audio files is MPEG-4 AAC) and WAV (Linear PCM) have been added as playable file formats (for music saved on Memory Stick Duo™ media).
Photo
- Wallpaper feature has been added.
- Image transfer feature has been added.
- TIFF, GIF, PNG and BMP have been added as viewable file formats.
Settings
- Korean has been added as a system language in [System Settings].
- [Character Set] has been added in [System Settings].
- [Theme Settings] has been added.
- [Internet Browser Start Control] has been added as a security mode in [Security Settings].
- WPA-PSK (TKIP) has been added as a security mode in [Network Settings].
- Web address shortcut feature has been added as an input mode for the on-screen keyboard.[/I]
If you want to read the details, go HERE