71M has teamed up with RK Digital.net, Heavy.com and Newgrounds.com to put out SWFPlayer v1.1. SWFPlayer v1.1vcurrently runs on v1.5 firmware, and is being tested fo compatiblity on 2.x. Currently the player is a little buggy when playing flash files that use MP3 sound due to the fact that MP3 decoding requires too much memory, however PCM sound is fully supported, and hopefully the MP3 issues will be sorted out soon.
Another issue that is being worked on is loading times. As a "proof of concept" release, there are plenty of fixes currently being worked on, an the source will be released in a couple days, once it is cleaned up. The source will be released in the hopes of involving more developers in code cleanup and bug fixes
For installation of the PSP Flash Player, simply decompress the file into your x:PSPGAME folder. After that, you can place the flash files anywhere on your memory stick. The SWFPlayer comes with an included file browser to allow you to locate the flash files, after which you simply highlight it and press X.
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If you got an error while installing Themes, Software or Games, please, read FAQ.
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