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Yep, that's right. Becus25 just released his latest version of 3.40IE. Basically 3.40IE is just an addon to 3.40OE but with a few improvements. Such as two recovery menu's. Here is a list of features from the developer:

• You have two recovery menu's.
• On the second recovery menu (of IE), you can change the speed of CPU, and toggle USB mode for ms0, flash 0/1/2.
• Also you can enable another autoboot located at pspgamebooteboot.pbp and do more things then the OE recovery menu.

I did modify the above list from the original list somewhat, for the sake of correct english. The developer also stated that, in order to run the IE recovery menu, you need to enable the autoboot feature in the OE recovery menu. Then power off the PSP, and turn it on from a coldboot while holding the start button. Note: You need 3.40OE-A previously installed in order to install this. I nor any PSPbrew member will take responsibility for your actions.

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Download: 3.40IE