fat psp 3.71

help just got a fat psp came with 3.71 on it. now is it best to have a homebrew and what one is best to have for my fat psp just one more thing would i loose any thing in doing this thanks dean

first WTF. second downgrade your psp with pandora.

No, you won't lose anything in doing this. Homebrew:

Well the cool things you can do with custom firmware include:
Running Homebrew! Homebrew is the main program used in the psp custom firmware programs. These include IR Shell where you can:
It lets you listen to your music while you play games.
Put shortcut to your homebrew programs and emulators on your psp.
has a cool Universal Remote program you can use to control different devices.
Its just basically another XMB, but in a different format.
It is pretty cool, it has easy access to devhook and you can also go into USB Mode and you don't even have to keep your screen sitting there. You can be in USB Mode and off listening to music and going into different sections on your psp.
Theres more stuff, you will see all the different things if you get it.

You can also play NES, SNES, N64, SEGA, and GBA emulators on your psp with custom firmware. So you can play about all NES, SNES, SEGA games on your psp. And there are not quite as many N64 games that you can play on your psp, but about 15? or so work alright. such as Super Mario 64, Super Mario Kart, and Super Smash Bros.

You can also watch youtube videos directly from your psp using your wireless internet.

You can also easily play PS1 games on your PSP, and also PSP ISO game files too.

You can also have short intro videos pop up when you turn on your PSP.

That is a short list of stuff I guess . It is pretty cool, i would recommend getting custom firmware. It is the same thing as regular firmware, except is has so much extra stuff you can do.

But first in order to get on custom firmware, you will need to downgrade using the 'Pandora's Battery' and 'Magic Memory Stick'. You can either
buy them
open up your battery and messing with the insides
make one using a homebrew - enabled PSP.

or you can switch out your PSP's motherboard for one that has custom firmware on it or has a lower firmware that you can downgrade.