EP has released a new version of his Unofficial version of LaunchELF. uLaunchELF is a front end or operating system or sorts for the Sony Playstation 2 that allows you to browse and boot homebrew from various sources including memory cards, usb devices, hard drives and the built in dvd-rom drive.
Changes:
-Fixed a bug affecting two of the timeout functions changed in v4.37
-Modified CDVD tray checking for browsing to cdfs:
Thanks to http://www.tehskeen.com for the news.
http://psx-scene.com/forums/official-ulaunchelf-forums/37242-unofficial-launchelf-v4-38-a.html