FINALLY. What the whole community has been waiting for since the onset of the PSP. Flash support. Our prayers are answered, the first homebrew flash player has been released by
PSPHacks.net, through a coding contest they hosted recently. It currently only works on 1.5 firmware PSPs, but work is underway to enable 2.XX support, and fix the tons of bugs which are currently existant in this initial release. Source will also be released soon, so the whole PSP development community can take a wack at making this thing work fast and efficient. Load times are somewhat slow at this point, but with the proper optimizations, there is a good future for this outstanding piece of homebrew. Hopefully this will encourage Sony to move it and release official Flash support.
Download PSP Flash Player from PSP 3D
here.
Thanks PSPHacks.net!