Davee has kindly posted a quick snapshot of ChickHEN R3’s VSH Menu and the options will are likely to see. As we can see the following options will be available:

Hide TIFF in PHOTO
Hide PIC1 Homebrew Icons
Spoof system settings version
Spoof mac address
Redirect Network Updater
Spoof firmware version
Use Nandgaurd technology
Store ChickHEN config
Reboot PSP

Interesting things to note:
Redirect Network Updater [...]

Seems Davee and Team Typhoon are currently working on a new ChickHEN released dubbed ChickHEN R3 (release 3). Its going to have a few fixes and add new features. Interesting to note it will have PRX plug support and a VSH menu much like M33 Custom Firmware. No release date on ChickHEN R3 has been [...]

True to his word, Davee has released ChickHEN R2 for Firmware 5.03. This release Davee has fixed the homebrew bug and TIFF images have been blocked while in HEN.
ChickHEN R2 for Firmware 5.03 Changelog:
[ChickHEN Revision 2] – Team Typhoon
[Changelog]
- Now supports homebrew
- Homebrew Support enhanced
- Tiff image blocking in HEN (displays unsupported)
[What it does?]
ChickHEN works [...]

The day many PSP-3000 and TA88v3 owners have been waiting for has finally arrived as Davee has released chickHEN. Using the TIFF Exploit discovered earlier by MaTiAZ, Davee found a way to use that with his new Kernel exploit to allow homebrew on all PSP’s. That includes the previously thought unhackable TA88v3 Motherboard found in PSP-3000’s and some [...]

The latest video proof of HEN working on the PSP-3000 (HEN stands for Homebrew enabler) . Davee shows of some Homebrew and Sega CD Sonic emulation on a PSP-3000. What some thought would never be possible on a TA88v3 motherboard IS possible thanks to the TIFF exploit and davee’s HEN. While still no release date [...]