Sony can breath a sigh of relief. For the moment. Over the past 24 hours, wild rumors have flared across the networks claiming that Team Xecuter has created a mass storage converter mod that allows firmware downgrading and is compatible with Smart Media Cards, Compact Flash Cards, USB Flash Drives, and USB hard drives. In response, Team Xecuter has issued this statement:

"Just to clarify what the PSPX Mass Storage Controller does as some sites are posting lies of its origin and use. The device is designed, used and manufactured in Asia…

The PSPX picture posted was of our own internal dev device to patch into the PSP. Its purpose is to develop a mass storage device - and that's it. The picture shows hardware that is for development purposes only. The end product will be a very small add-on giving a completely legitimate function of being able to use different types of memory devices at a much lesser cost to the user…

It will not downgrade your PSP firmware or patch for any illegal or even legal activity - we made a comment that we had discovered how to do this using discoveries made by dev hardware but we are not going to be making any such hardware to perform this task - there will be no need - groups like WAB will be doing all this via software soon enough."