I had Homebrew installed on my Wii way back when, and the custom firmware on the PSP.
PSP was the shit with CFW. PS3/4 CFW development must not be much of a priority for the devs working on it in their spare time, back in 2007/2008 I was playing N64 games on the PSP and its hardware pales in comparison. Could play anything up to the PS1/N64 generation of games, and all PSP games were free.
I used to make a killing in high school installing CFW on people's PSPs. $.25 per NES game, $.50 per SNES, $1 per N64, $5-10 per PS1 game, and $5-$20 per PSP game. Not to mention the $20 I'd charge to install the CFW in the first place.
I still prefer PC instead of modded consoles, personally. The devs usually update things religiously. I can't believe how far emulation has come in the last few decades.
Remember when ePSXe was new and it could barely do shit? Or when Project 64 was still on version 1.0? Shit takes me back haha
Biggest reasons I prefer emulation on the PC is because of the resolution scaling, HD texture packs, and forced 60fps on some games. Breath of the Wild and Wind Waker HD looks nuts on CEMU, 60fps with 21:9 aspect ratio support. I bought a 35in 3440x1440 monitor last year after saving up for a while and I just can't go back after experiencing that.