2.80 Blowout: No more stupid file name format [Update 1]

Today at PSP Fanboy, I'm going to show you all the new functionality of the newly-released 2.80 firmware. Did you know that you no longer need to follow Sony's archaic naming format for videos now? Hell, you don't even need to put it in some weird folder, or encode it specifically for the PSP. Any good ol' fashioned (non PSP-formatted) MP4 video will do. Let's take a look:

When you connect a 2.80 PSP, you can create a folder in the root directory called "VIDEO":

Simply dump the file into that folder, and voila! You're done:

So, essentially, any video that's been encoded for a video iPod can now work on a PSP. Pretty sweet, right? But don't throw away your MP_ROOT folder quite yet... It appears that PSP-formatted videos will not work in the new VIDEO folder. You must still put those in the usual MP_ROOT folders. Lame! But, I'm pretty sure that's a small glitch that'll be fixed in a future firmware revision.

[Update 1: Added clarification.]