Im kinda going with #2 regarding the crispness/freshness factor (there may be the issue of blanching in the lower image but it may be merely my video card/monitor combo).
The top image might be more true assuming there was alot of forest fire smoke in the atmosphere. Tough call tho as I am going from gut, the true psp afficianados will have more tech explanations, color correction scripts, formulas, algorithmic proposterations, and perhaps...just perhaps...something that will confound us all.