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No matter what people say on the internet about downgrade PSP to any sort of firmware. There is a way that you can downgrade PSP to any firmware version you want. Before we go into that let me ask you has your PSP got a newer version of Firmware that is causing your PSP problems? A lot of people have and they want to downgrade PSP to an older version of firmware that worked optimally on the PSP.
There is a lot of people looking for a quick and easy way to downgrade PSP firmware to older versions without the risk of Bricking their console. Sony are starting to get a bit annoyed with people sending back their consoles because they have tried to hack their system, everyone is looking for a risk free way to achieve this.
This is when I came across the guide that I used to downgrade PSP to older firmware, I downgraded mine to version 1.5 if in the future I accidentally upgrade the firmware I always have this guide to lead me through how to downgrade it again. You can get this guide for yourself just follow the link at the end of this article.
Now that we have established that there is an easy way to downgrade PSP to 1.5 firmware or any firmware that you require it makes things a lot easier to use the PSP with Homebrew. The main reason that people are hacking their PSP is because Sony refuse to release the full capacity of the PSP. That is why people are turning to homebrew to enable them to use the PSP the way they want and not how they are told.
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You can get the guide Here http://tinyurl.com/cd928w