They sort of hacked the PSV, finding an exploit within the psp emulator files that allows ANOTHER emulator to run within the original. It's def.a step in the right direction, but it's not running PSV backups yet. Can't wait for the US release!!!!!
p.s. Someone managed to run picodrive (sega master sys.emu) just the other day. Since HBL runs, I'm guessing they simply need to re-code a few things per compatibility (probably an sdk thing, dunno).
Pillage the village, rape the sheep....... steal the women? ( . Y . )