The new version is 7.9c and includes following changes:
7.9.c - Fixed the integrated Lv2_Patcher compatibility to be exactly the same as the standalone "lv2_v5.pkg".
7.9.c - Optimized the memory management at startup to the maximum for best results with the Lv2_Patcher.
7.9.c - Removed lV2_Patcher startup notification screen for added compatibility when loading payload.
7.9.c - Start the Manager without any USB devices plugged-in & without Game Disc to avoid startup problems.
He also states that this version deletes the game history sent to Sony if you plan to play online. Quoting from PSX-SCENE:
"yes, both packages (Stealth & standard) have the "clean history" function triggered at each startup, the stealth package have also the Title ID spoofed to an original game ID."
This one has the latest LV2_v5 already pre patched so no need to run the lv2.pkg anymore.
Some might say: Hey the LV2_v6 is the latest one, true, but v6 only added a different icon, so there is no difference between using LV2_v5 or LV2_v6.
So what are you guys waiting for? Grab it here: