Alright, I found a nifty guide online and am all ready to make this Pandora myself, but should I have more than one battery?Like, if I make a pandora out of my only battery, will it no longer work as a battery and my psp won't work anyways or will it still work as a normal battery?
You can no longer boot your PSP with the pandora battery but it still functions as a battery. It's recommended you have two batteries but to bypass it with one hook your PSP up to your AC adapter, turn it on, then after the boot up screen insert the battery. The magic memory stick works normally but it works in conjunction with the pandora battery (so you don't need to convert the memory stick back).
There are a couple of programs (like cory's pandora battery maker or whatever it's called) that allow you to back up the data of your battery and restore it at any time.
What's this magic memory stick nonsense? Is it just the memory stick you make with the battery, or do you need to make it separately or what?
Every guide I've read also includes how to make the magic memory stick (it's also called a kickjig or jigkick stick). All it does is contain the boot up files and it stores the data that allows you to downgrade to 1.5 or upgrade to 3.90m33. With the pandora battery, you can actually install any firmware you want (you don't have to downgrade).
And you can't make the battery unless you already have custom firmware. So you'll need to buy one.
Actually there's a way around that but it requires extensive knowledge of cmd console and windows xp (doesn't work with windows vista) or it requires you to pop open the battery and hardwire it yourself (which I tried once and ended up shorting the thing out).