Things You'll Need
Instructions
Turn off your PSP. Remove the battery from the battery bay on the rear of the PSP and remove the Memory Stick from the slot on the side of the PSP.
Insert your Magic Memory Stick into the PSP. Then insert your Pandora battery, and your PSP will turn on all by itself.
Read the text that appears on the PSP screen, and you will see an option for downgrading the firmware of the PSP. Press "X" to downgrade your PSP software.
Press the "X" button again to shut down the PSP when the downgrade is complete. Remove your Pandora battery and Magic Memory Stick. Insert your normal ones. Boot up the PSP and you will be running the original PSP firmware, 1.50.