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It seems that the fresh start didn't go out well as planned. The homebrew scence is now patiently waiting for a better version of the 5.50 Gen-C Custom Firmware which can allow newer games to be loaded without the tedious patching (Like on new games such as Disgaea 2)
Hop on the Link to see how they're going to remedy this one
http://www.qj.net/PSP-Homebrew-CFW-5-50-GEN-C-now-out/pg/49/aid/135319.
