1.50 kernel refers to the 1.50 firmware version, for the PSP Phats. 1.50 was able to play homebrew, and generally a lot of homebrew was written for the 1.50 kernel and some are still not compatible with 3.xx. PSP Phats have the ability to have an addon to the newer 3.xx firmwares that allows them to boot the 1.50 so they have the greatest compatibility with homebrew.
And the reason why people would want 1.50 even though they have a slim is because alot of the homebrew's require it, right? Unless you are upgrading to D.A.'s 4.01-M33, then you dont need to?
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