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The guys at PSP-DEV have done it again. They have released a new application that does not require you to swap memory sticks to run homebrew apps on your PSP. Put 2 folders in your GAME directory. First folder is the 'loader' which should have a % at the end of the directory name. The second directory has the elf file renamed to eboot.pdp and does not have the % in the directory name. When the PSP loads the first eboot it strips the % and runs the other directory with the elf. It's amazing how simple this was.