Hey there.
Before updating to 5.50 Gen-D3 (which is a higher version than yours), try knowing your PSP MoBo first. Why? Because, you may brick your PSP with the upgrade. Use PSPident to do that. Here's a link for that
(MONSTER here!!!). Don't mind the monster, I just thought it's kinda nice doin' that. LOL
Now, do that PSPident in your PSP. If your MoBo appear to be TA088v3, DO NOT (never ever) upgrade to 5.50 Gen-D3 or you will have your PSP dead... If your MoBo is LOWER than TA088v3 (like, say, TA085v1 or v2) then go on with the 5.50 Gen-D3.
If upgrading doesn't solve your problem with playing homebrew, you may have downloaded a corrupted ISO or CSO file... Find a new torrent for that game again...
Happy playing...
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