If its real then it'll great, but we have to wait and see.
If it's true i'll try it, but it's something i can wait for.
Apparently it is legit, as our own PS3 Devs also confirmed on IRC that there is a "pspemu" folder already in PS3 Debug Firmware 3.10.
Indeed hehe.. one of the Devs said he may take a pic of it later today and share it here for those who'd just like to see it.
Love it!! I used to link up my PSP with my HD TV. The graphics was not that great but games were playable. Perhaps they will put in a lil something to better the image quality playing it through the PS3.
I can't wat for this "rumour" to become "fact."
Great news, theres a few titles of the psp that i always wanted to play.. (i dont have $$ for a psp yet... damn)