What you have heard is right, it is not DAX. Instead, it is based off of DAX's work. It is still unknown who is the creator of this firmware. This time, it's no patch, it's the real thing. This release includes in-XMB recovery.

Changes:

Uses the 3.93 kernel

Same ol' same ol' custom firmware features.

Ability to use the normal recovery inside the XMB by pressing the HOME button:

• When in the recovery, the system is suspended, and you can change all options directly.
• All options work immediately, there is no need to reboot
• Ability to make a Pandora battery from the recovery, read and restore the EEPROM, etc. Providing that the motherboard supports it.
• Ability to hide the MAC address in System Information, if you do so, the MAC will show visually as all 0’s.
• Ability to save the savegames in normal format, rather then encrypted (only functions in March33 and Sony NP9960 mode).

• The native 3.93 pops isn’t as good as the previous pops; therefore hopefully the popsloader will get updated to support 3.93.

1.50 Kernel:

• Install kernel 1.50 on a PSP Fat. To use the 1.50 kernel for an application, you will DEFINATELY need to put the kernel to 1.50, even if the application is in the GAME150 directory. If you change the kernel in VSH Recovery, you’ll still need a reboot.
• The new recovery has these two asked features:
  • Suspend device
  • Shutdown device

Keep in mind that a just newly release CFW is like a box of chocolates, you never know watcha' gunnu get! It's up to you and you only if you want to take the risk and upgrade.

WARNING!!!

DO NOT LEAVE YOUR PSP UNATTENDED WHILE DOING THIS UPDATE, YOU WILL NEED TO PRESS "X" RIGHT AFTER THE SONY INSTALLER IS OVER OR ELSE YOU WILL GET A BRICK!

Download: http://www.psp-hacks.com/file/1460

1.50 kernel: http://www.psp-hacks.com/file/1461

 PSP users that also love their Nintendo 64 have been using Daedalus for some time. While riddled with minor bugs and issues that rendered some games unplayable, games like Super Mario 64 functioned well on the emulator. R14, the next release, currently in it’s beta stages, has numerous new features and fixes made to improve functionality.

Changelog:  

The beta is too unstable to be released yet, but the future looks promising for N64 players. Stick around for more information on the application and it’s release. [source: QJ.net]

well it looks like sony is trying not to pop the 4.00 bubble yet.

New for 3.95:

A new option for playing PlayStation® format software has been added. You can now select [Custom] for the assignment pattern under [Assign Buttons].

You can now choose either [Quit and Turn Off the PS3™ System] or [Quit Without Turning Off the PS3™ System] after you select [Quit Remote Play].

Happy March 33rd! Dark-Alex has released the latest build of 3.90M33. This is a minor update, the only changes made are to the M33 No-UMD driver. This brings increased compatibility to games that did not previously work. To download, go to our downloads section, or use network update if you have 3.80M33 or higher. Enjoy. Download: here.

Well how this person said it is perfect…so here it is.

"On its online instruction manuals, Sony Computer Entertainment has a few images for use as labels. There's one for the original PSP-1000 series (click here), and another for the current PSP-2000 series (click here). However, curiously there's also a placeholder image for the logical next-step: the PSP-3000 series (click here).

The availability of the PSP-3000 image on the PlayStation site shouldn't come as a signal that a redesign is impending — it's clear that Sony plans on revising the hardware through its supposed ten year life cycle. However, it does seem to display a bit too much forethought from the web designers that created and uploaded this image. How long will it take before we hear rumblings of yet another PSP redesign?"

So maybe a PSP Super Slim? This will bring out a lot of speculation to the PSP scene. The most "logical" thing I can think of is a PSP Phone. 

arpaagent came by our forums earlier today, and announced his release of VisMP3 Media Library / Visualizer v0.1.2. This amazing psp homebrew app lets you visualize your music as you listen to it. It also lets you customize your listening experience with fully customizeable sound settings and speeds. It also has some nice eyecatching backgrounds! check it out!

Download Here

Homebrew developer Yellow_Rain dropped this unofficial patch, based on the most recent custom firmware released by Dark AleX, it contains a reversed and updated popcorn.prx. Also, a hex-edited vshctrl.prx and a new GetVersion opcode were both updated in this new build. The developer has tested and confirmed that CFW 3.93 M33 works for both the classic and Slim PSP. Please take note that it only flashes the changed modules, so make sure that you have CFW 3.90 M33-2 installed on your psp before running the patch.

Download

Well as all of us have probably seen by now this little app has been released. Did you know your american, japanese, or even australian PSP can have it too if you have CFW? It is very simple and effective at keeping up with your friends. 

 Now to the “how do I do it?!”part. 

1. Boot to the custom firmware recovery console (hold R-Trigger when booting)
2. Browse to Configuration and set “Fake region” to Europe
3. Back, then Exit
4. Select the Go!Messenger icon, download and install the client
5. Connect PSP via USB or use something like PSP Filer
6. Copy (don’t move) PSP/APP/ULES00856 to PSP/GAME/ULES00856; keep a copy of DATA.DRM in PSP/APP/ULES00856
7. Reset your region back to your choice (using the recovery console)
8. Launch Go!Messenger from the game menu and enjoy!

If you would like to share your username with our members you can talk about it in our forums. 

3.93 is released! Since this is a new Sony firmware it is not homebrew compatible. Wait a little while and a new M33 will released which will allow homebrew on the latest Sony firmware. 

The main 3.93 difference is:

“…users of the PSP Internet Radio feature will find 20 new internet radio players to enjoy. The new players are organized into more specific styles of music so that PSP users can easily find what they are looking for and listen to their favorite genres.”