PCSX2 SVN r3123 is released. PCSX2 is a PlayStation 2 (PS2) emulator for the Microsoft Windows and Linux operating systems. With the most recent versions, many PS2 games are playable (although speed limitations have made play-to-completion tests for many games impractical), and several games are claimed to have full functionality.

PCSX2 SVN Changelog:
r3116
spu2-x: Slap the Linux port back together a bit.
r3117
Readd a line back in.
r3118
Removed several legacy items from the bin folder (used in 0.9.6, unneeded for 0.9.7's uber-'leet wx-ified user interface design)
r3119
* Added new 0.9.7 readme and FAQ (located in /bin so to be package-ready)
* NSIS Installer: Added 09.7 docs to the package, and create shortcut links to readme and FAQ.
* removed old 0.9.6 docs and gnu_gettext.dll (no longer needed in 0.9.7)
r3120
Removed from GSDX Build (VS2010 side) residues of CG/OpenGL/Glew etc...
Added in the GSDX Build (VS2010 side) the proper link to the DirectX libraries
Updated the GSDXGui project to VS2010.
r3121
New generic Skip MPEG gamefix that lets you skip videos in games to avoid hanging.
This will replace the many sceMpegIsEnd patches we currently have.
Thanks to pseudonym for coding the recompiler version of this gamefix.

Essentially what it does is, the EE recompiler finds the pattern of code used to check if an MPEG is finished, and then recompiles code to say that it is finished.
This will work for most Videos/FMV's in games, but its possible that some games don't use the same library functions for videos so the correct pattern won't be detected; and therefore the videos will not be skipped.
r3122
NSIS Installer:
* Add the major/minor version number to the generated exe's.
* Default to using the HEAD revision for all exe's and plugins in the package, instead of versioning each one independently.
* Update instructions readme to mention use of Eclipse as a NSIS editor and integrated environment.
r3123
Added all the katamari games to use the new skipMPEG gamefix in the game database.
The other games in the database that are using skipMPEG patches need to be tested to see if they still even need them...

Download: PCSX2 SVN r3123
Download: Official Beta Plugins Pack [11 March 2010]
Source:Here