Unfortunately the Sony PSP will not work with Connectify Hotspot. The PSP uses an older generation wireless device which does not support modern WPA2 encryption. Also, like many mobile devices, it does not support Ad-Hoc mode. Therefore it is impossible to get a Sony PSP connected. 

We do understand that the PSP Supports WPA-PSK and WPA-TKIP security for access points, but Microsoft has set a security limitation on Windows 7 which requires WPA2 security for AP Mode.