• Introducing a total new interpreter. Seems to be lotta faster than the old one!
• pspiofilemgr, chdir works better now
• ctrl latch implemented
• added string terminator to root thread param. added minimum reserved area for stacks to pspsysmem
• added scePowerRegisterCallback
• fixed alignment high allocs. fixed alignment of thread user data
• Do not add a breakpoint if there's already one in this line
• added sceKernelLibcGettimeofday
• CreateEventFlag implementation
• Introducing advanced logging based on log4j. To edit the logging settings, you can update the LogSettings.xml file
• Fixed a bug in sceUmdWaitDriveStatCB. Improved umd handling for fileio demo
• New HLE system.
• Partial Fix of blinking effect. Lot better now
• Partial CreateSema and WaitSema SignalSema implementation
• Improved sceUmdUser support
• Added sceKernelDelayThreadCB
• Added sceKernelWakeupThread
• ThreadMan, added usermode checks to change current thread attr
• Added alpha blending, stencil testing, depth masking, 8 bit CLUT with 32bpp palette colors
• Removed 2D transformation to vertex info, as it should be known for the whole primitive batch
• added umd file support to pspiofilemgr
• Added texture mapping and environment mapping
• Added proper sceIoSeek parameters
• fixed copy address in debugger
• Fixed lighting and implement proper support for the separated view/model matrices

• jpcsp v0.08 rev428: HLE module fixes, added CSO support, more
• Java PSP emulator update: jpcsp v0.08

Via jpcsp forum