I just bought a used PSP slim, I restored it to factory settings and the firmware is 3.95. Now I understand that certain motherboards cannot be modded, and I read the sticky and the link inside. From what it says it seems like I probably have the TA088 v2 motherboard. It talks about a hardmod and a Pandora battery and magic memory stick.
My friend who hacks his PSP has a Pandora battery and Magic memory stick. According to the link in the sticky, checking the motherboard and hackability involves doing a test with a program, but he says you can just pop in the Pandora battery and you'll be able to tell.
So anyways, how should I go about checking if my PSP is hackable, and then what should I do? This is all quite confusing to me...
You're OK to put on CFW, but you won't be able to make a Pandora Battery on your PSP. But yeah, just use 5.03 ChickHEN R2 (upgrade to OFW 5.03 before use) to run a CFW installer of your choice.