Another release has been made, But this time, Only a few updates have been made, Nothing to be excited about. The update only fixes the following. Basically, Just fixes the ability of PS2/PSX/DVD/Blu-Ray images to properly show up under their columns in XMB. More info is yet to comes. Keep your eye out in the ps3 homebrew thread.
V2.02
Update affects the images of the PS2 and PSX games. Now the images of the PSX and PS2 games appear under the Retro Column
Update for the DVD and BLU-RAY images . Now the images of DVD and BLU-RAY appear under video column
Edit the param.sfo ,ps3_disc.sfb and lic.dat, thanks to josemetallica from maxconsle