Even if we don't update, for the people who have PSP v1.5, we still cannot use the homebrew software that is coming out? Correct me if I'm wrong. I browsed through the thread and it seems this still isn't possible for firmware v1.5. Just double checking to make sure I didn't miss anything.
You didn't miss anything... when 1.50 firmware users can run homebrew/emulators, we'll post it in LARGE FONT on the main page news so don't worry. For now, it's best to stay at 1.50 as that is what many behind the scene are working with (for buffer overflows, exploit research, reverse-engineering, etc). It would suck if you upgraded to 1.51 and a week later a solution for homebrew on 1.50 was released, eh?