Same guys over at french site PSP Gen are working on there own custom firmware – 3.95 GEN. Its still being tested. And there is a major drawback, the PSOne emulator doesn’t work on the PSP Fat. Its possible its due to hardware or memory limitations on the PSP-1000’s. The only change I can see [...]

Posted on Alek’s website on April 19th, is a list of clarifications confirming there will be no M33 3.93 or 3.95 but there will be a 4.00. All people whining about being stuck at 3.93 official firmware will now be directed to pandora battery tutorials in the forums.

On another note, you lurkers should make accounts [...]

Posted on the PLaystation blog is an entry about the next firmware. The updates seem almost as minor to me as 3.93 was. I’m expecting most people to not even bother to update.
So now you can:

customize the controls when playing PSOne games
quit Remote play then choose whether or not to leave the PS3 powered on.

Though [...]