User mode static ELF's are now starting to work. Tested with SNES TYL 0.3 (user mode version), PSPMaster and CPS2PSP 1.0 (user mode version). Kernel mode static elf's are still not supported, they are a very odd case in 1.XX of kernel code loaded to user memory. Kernel Homebrew for 2.71 has to be written with a user main elf/prx that load kernel prx's. Note that the homebrew must be in a true pbp, not kxploited!.
User mode prx's could load other user mode prx's, but kernel mode prx's couldn't load user mode prx's. This is fixed.
Patched the firmware to allow it to understand the old SFO format(avoiding the error of data is corrupted).
Added a small win32 binary that will give you a hint about if a homebrew can work or not in the current release. Note that this is only a hint.To update from HEN revision A to B, hard reset your psp (to make sure that hen is not running). Then copy the new files to the memory stick and run the tif. The new files will be automatically updated. Please read the README fully before attempting to install this. If you follow the instructions, everything will go smooth :)