Time Machine Help

Alright, I have a psp 1001 running GEN 5.50-D2. I fed up with not being able to run my 1.50 games. I've done some research and apparently the Gen team is gping to release their 1.5 kernel. So I was reading about Time Machine and that would allow you to play those games. None of these places made to much sense so I came to you guys because you always pull through. Can some one please help. I have no idea even were to begin. Thank you for your time and help.