Patrick Verner and the wonderful developer folks that give us Parted Magic have just updated the distro.
It is listed as primarily a bugfix release.
If you use it like I do, as a LiveUSB, there's no reason to not update.
If you haven't tried it yet, now's your chance.
Check out the announcement, download links, and website full of useful tools and help at, http://partedmagic.com/doku.php
There's a method I use for distros like this which get updated often; write it to a dvd+rw blank. That particular type needs no reformatting, you can just overwrite a previous burn. I use growisofs to do it here, making the initial burn as the first session of a multisession burn -- which means you can add files or subdirs to the disk without disturbing the original burn. Having an optical disk (cost = 75 cents) gives me that added bit of insurance that I can boot it on almost any pc that has an optical drive.
#growisofs -Z /dev/sr0=pmagic-whatever.iso
#growisofs -M /dev/sr0=some_filesystem
First command writes the initial session, the 2nd command is for any later added sessions.
Only takes a couple minutes for a distro the size of Pmagic.