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If you've a modchip installed then there is no problem updating your console to 3.3 . This may however change in the future. Updates from games at the time of writing are also not a problem.
If you do not have a modchip installed and you do the update to 3.3 then the only disadvantage that you will have is that it is a little more difficult to have homebrew and the Homebrew Channel installed. (it's still possible but it's a bit of an effort)
Chris
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Modchip reseller and professional installer. For all your London console mods visit www.ukmodchips.net
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