After months of anticipation PSP Firmware 3.00 is finally here, and with it comes the long awaited PS1 emulator and many other additions. Unfortunately, there is no mention of homebrew support, which for some is a huge disappointment. Owners of the PS3 will be able to download PS1 games which can then be transferred to the PSP. The PlayStation store, within a few hours, will release a small selection of PS1 games for around $5 each. Check below for a full summary of what’s new in 3.00:

Network

• [Remote Play] has been added (allows connectivity to PS3)
• [Online Manual] has been added
• [Timer Settings] were added to the RSS Channel

Games

• PlayStation titles can now be played using the PS3

Music

• 3 Fast Forward options were added
• Music Visualizations were added

Video

• Motion JPEG format (M-JPEG) is now supported
• [Camera] option has been added

Photo

• [Camera] option has been added

Settings

• [UMD Automatic Start] options have been added

As you can see a lot of features have been added. While some are not so great, the PS1 emulator is certainly a great additions, and may even tempt some homebrew enthusiasts to upgrade their PSPs. If Sony wants everyone to upgrade to the latest version, they should consider making the PSP Open Platform like the PS3. Currently, Firmware 3.00 is only available via the Japanese PlayStation website, but you can expect the other regional websites to update soon. You can download the update via the normal channels including the PSP Network Update feature.

Let us know what you think about the new update. Is it worth upgrading or would you rather have homebrew?

[Via: PlayStation Japan]