At this time the only real working Sony PSP emulator for playing PSP UMD ISO files is the one made by Sony itself. Surprised? Don’t be – it was made purely for game development purposes and is distributed together with the Software Development Package. The problem is – to download or use it you have to be one of the Sony licensed game developers and have a contract with them. So far nobody has broken the rules of contract and released the emulator to the public btu who knows – miracles happen.
The emulator that we have seen in SONY press releases and used in press conferences runs on PC and can play games (psp roms) at full speed. Plus it has debugger that devers couldn’t live without.
Extra Info:
PSPE is a remarkable PSP Emulator that plays Homebrew Games and Demos. The EBOOT.PBP files are placed into sub folders and then browsed via the emulators window. It has no Menus to load any games Why is this so remarkable? I hear you say! Well because it is the first of its kind and although rather basic in its current state, it shows great promise as to what can be expected on the PSP emulation front.