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TheFlow0 has Released a his Project 3.65 Henkaku
Quote
"I gave myself 4 weeks to work on the updater, porting adrenaline and making everything else ready for 3.65, but now I've already finished. All my testers reported success and didn't run into problems so far. There is therefore no reason to not release right now. At 23:00 UTC+1."
Pros
You will be able to access the PSN store, activate your device and download your purchased games again (only as long as Sony doesn't decide to release a new update that prevents you from doing that).
You will be able to play all games that were released for firmwares 3.61-3.65.
Cons
You will not be able to downgrade back to 3.60 if you find that this custom firmware doesn't suit you.
You can lose the ability to run homebrews, if you modify the OS and end up in a semi-brick where you are forced to reinstall the firmware. This should however not happen to a regular user, but I'd rather not install applications that modify read-only partitions like os0: or vs0:.
Some applications may not work on the new firmware and need to be ported.
Just a small portion of what he had to say on his Github which you can find a link to that below along with download links and tutorial on how to install happy modding
Source:
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