PSPUpdates have posted a video (from youtube) of someone (apparently) running the Epsilon Bios flashed onto the Undiluted Platinum Modchip.

While the video looks pretty real, again everything should be taken with some caution at this moment in time.

The video itself appears to show a PSP running firmware 2.71, and then the game LocoRoco being loaded directly from the Memory Stick Pro Duo. It then goes on to load up Attack of the Mutants, a homebrew game, without any problems.

If this video is real, then it proves that the world of homebrew applications and games is going to be available to everyone willing to modify their PSP, even those who have upgraded to the latest firmware versions.