I got this working on my phat psp that has cfw 5.00 m33-4 on it.
you need a gba bios file to go with this. I got it by dl gpsp that had the bios file. gpsp is another gb emulator but it wouldnt start in my psp. but I used some of the files from it.
what I did was change my kernal to 1.50.
then I put the 2 gpsp folders onto my mem stick under the game150 folder. the folders are called gpsp and gpsp%.
I left the eboot file in the % folder but changed the one in the gpsp folder for the one in the link you posted. then I copied all the other files from your link into the folder. I also put a rom in there as well
for testing purposes I used donkey kong country 2 and it worked fine.
I read that this emu that you mentioned needs cfw 5.00 m33-6. but I will keep playing arround to see if I can get it to work with my psp set to 5.xx kernal as well.
I hope this helps. if not too bad. if you want more help send me a pm
cheers
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