A beta of SDK can now be downloaded from here Notice that this may not include all features listed below.
The README file describes the SDK as having the following features:
The PSP Software Development Kit (PSPSDK) is a collection of Open Source tools and libraries written for Sony’s Playstation Portable (PSP) gaming console. It also includes documentation and other resources developers can use to write software for the PSP.
PSPSDK is distributed under a BSD-compatible license. See the LICENSE file for more information.
PSPSDK provides a full set of libraries for creating PSP software:
PSPSDK also includes several tools to assist in building PSP software:
Documentation for the libraries are also provided, and can be found in the doc/ directory of the PSPSDK source and binary distributions.
A library for Make (build.mak) is also included to provide an easy way to build simple programs and libraries. See any PSPSDK sample program for details on how build.mak is used.