Gamepark Holdings have updated the GP2x Firmware to v1.2.0.
Whats New
Improved photo viewer (comic-view mode included)
smi subtitle file bug fixed (Font color and Font Face)
4way menu navigation
After bottom-most file, it automatically roll-up the upper-most one.
Switch the position of SD and NAND menu
Improved TV Out. Support both NTSC and PAL. All movie and emulator can use TV out function. (You need to compile your program WITH OFFICIAL SDL from GPH or screen may corrupt)
Now apparently there are issues with SD Cards so use with caution, download here --> http://www.gp2x.de/cgi-bin/cfiles.cgi?0,0,0,0,42,1121