1.5 is basically perfect if you just want to play homebrew. But if you want to go in the internet, play newly released games (ISO or not), play PS1 games, use Rss, use Location Free, use remote play with PS3, AND use Homebrew, you probably want to get a custom firmware from dark_alex.
Quote:
You can download the easy installer of his latest custom firmware '3.40 OE-a' Here
To install this, you need to copy the eboot folders into ms0:\PSP\GAME\
3.40 OE-a is compatible with everything Sony has to offer, so you can basically have the best of both worlds!
Lastly, you can download practically every bit of homebrew created here.
Most people are excused the first time they talk about illegal content, but the next time you could get banned; So take my warning. My e-mail is written in my signature, so contact me via that if you have any questions...
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Basically
Custom FW----vs.----1.5
Homebrew---------Homebrew
web-------------nothing
new games-------------nothing
RSS-------------nothing
locations free-------------nothing
PS1 games-------------nothing
remote play-------------nothing