As title. I see no use for it. Maybe it's useful to transfer saves while playing or something?

Maybe it is. Since games like Wipeout totally bugger up if the Memorystick is removed while gameplay.

well... seeing as it has the functionality to return back to the fastloader menu, maybe its for "fast-loading". I mean, so you can delete a game and then put a new one on and play it quickly without having to browse through any menus/wait for the PSP logo to show & stuff.

Ah, good point there Nikul.

though... im not sure if it has to do with hiding the icon or whatever but L+R+Start says the game cannot be started

simple, it saves time, you can transfer files without leaving fastloader and reconnecting with the normal psp way and then going back to fastloader. ive done it and it works like a charm.

If you put the non% EBOOT into the ISOMISC folder, you can return to the Fastloader Menu by pressing L+R+Select. It seems L+R+Start only works if you dont hide the corrupt icon (Leave it as FASTLOADER FASTLOADER%).

but whats the point of playing your PSP next to the PC? I'd rather be playing PC ganes.

ditto

i do it sometimes hmm i dunno. Maybe you happen to be in like the garden with your pc on inside the house and you feel like changing games :S