A video has been posted on the Internet showing a man exploiting the new PSPgo.
“Taking advantage of modified save data files, the exploit is restricted to user mode, meaning modifying existing files on flash is out of the question. That means no custom firmware, kids.” -Exo Phase
More information can be found through the link.
Article from Gamersyndrome.com
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My name is Harry Monogenis. My passion for gaming could not be any bigger than it is now. I also adore writing. For some time I was trying to figure how to combine my two most favoured hobbies, and I found it, here at GamerSyndrome.
Feel free to contact me on: hazakid@hotmail.co.uk 
Well, I was actually just reading about hackers on another site and I had done a response there that said nothing is invincible, and as this shows, nothing is. All we can do is be as safe as we can.
wow that was quick compared to the psp3000 which is still basically un-hackable.