10 Months Ago, x3sphere from eXophase.com, the Gamer's Phase says (in Patch: PSP Firmware 5.03 Incoming) As the headline clearly indicates, PSP firmware 5.03 is due out shortly. It’s being touted as a maintenance update only, so if you were expecting any new features or enhancements, save that excitement for another day. According to PlayStation Network director Eric Lempel, the sole purpos...

And Karl B. from QJ.NET says (in Patch: PSP firmware 5.03 out now update) So far, no changelog, but firmware 5.03 supposedly includes "a security patch for the PSP's system software." Could this be Sony's answer to the GripShift exploit? Very possible. Stay tuned for more updates.

Update Word on the PlayStation forums is that the update is now live. As Lempell said...