No. You need to be at 1.50 or a custom firmware to be able to upgrade to 3.40 oe a. Right now there is no downgrader for 3.30 so your stuck for the time being unless your willing to purchase a new motherboard that has a firmware capable of being downgraded (they cost about $10-$20) or you can purchase a mod chip (they cost about $79.99 - $89.99)