Early this morning 3.03 OE-A was released. The link to the file is: http://brentp.net/303oe.rar. This release has some advantages over OE-B (one of which is PSX game compression, so all those ps1 games dont take a huge chunk outta your memory stick). There were other various bugfixes included, and the release of an SDK for 3.03 is great news for the psp homebrew community. To apply the update, its the same as any other OE release, download the 1.50 update, download the 3.03 update, download the oe-a file (above) and generate the DATA.DXAR. Then copy the dxar to /PSP/GAME150/303updateflasher (or whatever it is) and wait a few minutes. As always, read the readme before you try anything here. This program writes to your flash, so there is always the chance of bricking. Enjoy.
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