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Sony's Director of PlayStation Network Operations Eric Lampel announced via the PlayStation.Blog today that a new PSP firmware update is coming soon. There isn't much to the update, other than general stability improvements.
The post in full:
Hi, everyone, I wanted to give you a quick heads up that a new PSP firmware update, v5.03, will be released soon. This is a small update that improves system software stability during use of some features.
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