Potemkin over at ps2dev forums and a coder called
Noxa have posted that he has been working on his own PSP Emulator for over a year:
Screen-shots:
Although the emulator is pretty advanced, it is also in its early stages. This means that the screen-shots you see here aren't that pretty yet.
Logs on Homebrew:
2007-05-07 - Trigonometry Wars
Fixed textures up and now trigwars runs. In fact, it runs REALLY well, and is fully playable. Cool!
2007-03-24 - PSPTris (game)
Whoa! By some form of black magic, PSPTris now runs in game! Sometimes control input is missed, and there is a random flicker here or there but other than that the game runs PERFECTLY. I have two or three things to fix (the OSK doesn't work because it does something weird, and I need to implement clipping in the video driver), but after that I can say that it works! Well, classic and original modes do, anyway. The color
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