This is what makes me wonder if it is infact a PS1 emu, or just modded PS1 games:
http://img216.imageshack.us/img216/8...reen0075nz.jpg
^ the above pic is from Ken Kutaragi's speach about PSP and PS3. I don't see PS1 emu on that list, but i do see "memory stick boot" it makes me think that maybe they just used the word emulator to up the hype around the FW but guess we won't know untill Sept-Oct.
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