
Since the Location Free Player will allow PSP owners to "watch TV and play back video recordings through the Internet using the handheld's wireless LAN connection and one of Sony's Location Free TV Base Stations", I'm calling it the winner in this update. Does this mean the copyright-protected video content is the loser? Nah. The loser seems to be anyone who wanted to take advantage of the v2.0 flaw which allowed gamers to downgrade to v1.5, thus allowing them to use emulators and pirated software on their PSPs.
Read Gamespot's Press Release for more update information.