Where to go from CFW 5.00 M33-6?


Hi guys, I'm new to these forums. I'm not new to the PSP scene, but my PSP has been collecting dust for a while now (since the 5.00 M33-6 times). Basically, I'm a total noob again.
I want to use my PSP just to play recent games, and I'm really confused trying to choose between, 5.50 GEN-D (I read it doesn't play most new games), 6.20 ME or PRO, 6.35 ME or PRO, 6.39 ME or PRO. And also, I'd like to know if I can update straight from my CFW. Thanks a lot!
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