To quote via wololo's blog: A new user mode exploit has been found by user tomtomdu80.
What makes this user mode exploit different from others is that tomtomdu80 was able to port it to VHBL and has gotten quite good homebrew compatibility, not many exploits achieve this. Below is a video showing the exploit.
Before anyone starts saying things like “it’s fake” or “he’s moving the vita away blablabla”, let me tell you two things:
1- I personally confirm this exploit as I’ve tested it myself on my vita
2- he hides the vita in the video to prevent the game from being shown
I know most of you might be expecting a CFW, but lets be realistic for a second, no dev right now has the intention to release a kernel exploit. We would be very lucky if someone releases a user mode exploit to be used with the kernel exploit that got released recently, but once Sony will most likely patch that kernel exploit in the next firmware, we’ll probably have to go back to using VHBL. Let me know your thoughts on this.
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just for all of you... the exploit is gone... you can't buy it anymore....
here's some lil news... the dev total_noob is looking for smb to help him port the xmb to the vita psp emulation
From Total_Noob (via pspking.de/forum/showthread.php?tid=71292&pid=795106#pid795106):
XMB on PSVita
I've just ported the PSP XMB to the PSVita.
It is still work in progress, only half of the functions are working, because there are too many complications. I'll continue further, because school will start soon. If you're a skilled developer (knowing reverse engineering and basics about the VSH) and you want to contribute on this project, so write me a message. But I'll only answer if you're a trusted developer!