Well, we'd like to show you the video of the Sony PS1 Emulator on the PSP. Right now, it shows the PSP running Ridge Racer, one of the first PS1 titles. And although it ran it in a letterbox format, what was interesting was that the screen size could be adjusted to fit the whole screen. And the game ran perfectly.

Also, it shows the PS1 game being directly booted from the Memory Stick. That's right, there isn't a seperate icon for the emulator in the firmware! This could mean that the games released for the PSP might be modified a little. Although it's just a speculation, I wouldn't be surprised if perhaps the textures are enhanced a bit. Plus a few things like removing support for the second analog controller and shoulder buttons.

It was announced that PS1 games could be bought online using a "Playstation Card", essentially a snazzy pre-paid card which would be sold in denominations, upwards of $50.

Download Link : [PS1 Emulator Video]