Danzel and bakablah over at PSP Updates have released version 0.7 of Peldet. Peldet is a telnet client for the PSP and the newest release now adds IRC and MUD support. If you are anything like me and grew up around IRC and MUD’s, you will probably find this to be a useful little utility.
You can get it here.
Please note that this program will only run on PSP Firmware 1.0 or 1.50