Here is a quote:

As we promised a long time ago we have now finished a version of eLoader which can be run from a custom firmware and HEN.

I know that a lot will probably wonder what the use of this is now that we have Pandora out so that anyone can downgrade, well the main reason is the PSP-Lite. As a lot of people are finding out the PSP Lite is unable to run 1.50 kernel, this means that old homebrew games are not able to run on the PSP Lite custom firmware, however eLoader makes it possible to run some of these older games without needing to recompile them. So I hope all you new PSP Lite owners enjoy getting to see some of the old homebrew games running on the new device.

For further details on how to install and use eLoader v1.000 see readme.html in the ZIP file.

For a list of homebrew that is reported to be working with this release, see the PSP homebrew database . And please, if your favourite homebrew is working (or not), then add a report to the database so that other people can see your results.

http://www.noobz.eu/joomla/news/eloader-prx.html