Here's what's new:

Subcode reading (libcrypt games should now work)
Better support for self-modifying code (fixes Spyro3)
More anti-mod protected games now work (tested on WildArms2)
Added support for MDEC STP bit (fixes DragonWarrior7 spell effects)
Fixed quickload menu bug
Fixed crash loading v1.5 state saves
Fixed bug where .bin file was named .cue when converting CDZ file
Fixed bug where CDZs created without .cue file did not work
ESC can now be configured (either quit, or exit fullscreen)
CD drivers now retry when an error occurs (up to 16 times)
Fixed bug where switching back to windowed sometimes didn't work
File requester is now displayed when BIOS is not found

http://psxemulator.gazaxian.com/

-Sune