The PSP-Dev team appears to be at it again. This is directly from their website: “Several days ago we released the swaploit (15-Jun) , some of sceners got satisfied but some of you tell us to do it better. Today we are proud to announce that in a few days you will get a new hit from Killer-X and PsP-Dev Team…” The release is scheduled for June 22nd 12:00 GMT+2. They’ve also released a video demonstrating the direct boot method – no swap trick! Our previous HOWTO. Link.
Direct Loader – Possible 1.50 No-swap Exploit!