Team Create And Destroy (C+D) has informed us about the release of their first proof-of-concept for kernel mode homebrewing on 2.80 firmware PSPs. Though as of now it is of no great use for the majority of the user community, this is groundbreaking news on the development front, as kernel mode capabilities open doors to an abundance of new homebrew features and possibilities: some legal, and some not so legal (think ISO loading - which we do not condone).

Whatever the case, this demo is indeed a legitimate release (unlike other news that has floating around the PSP scene lately), and will most definitely lead to some large scale advancements in the development scene as we know it. Great work Team C+D!
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