I am currently have the same issue as you guys are having. I tried running psardumper and selected "Press square to decrypt all.". I got lost on the last part of your directs though. I have not gotten very far in learning a lot of the ins and outs of the CFW and other software that works with it, but I really want to be able to play demos when they come out.

Could someone post up some good step by step instructions to fix the issue with demos not working? I poked around a little tonight to fix this, but I do not know enough about this to be helpful as of yet.

Thank you.