OMG is it even possible? Apparently Mr Rex of Acidmods has done it!

[youtube E-rPwQiGi3w] 

I don't know if he can still play UMD discs on his new rig. LOL. Well, who needs UMD when games are downloadable anyways? Wooops, piracy alert! FYI, I DON'T own the psp so don't baotoh.