Dolphin for PS4 v03.03

Install

Install DolphinPS4-v03.03.pkg with your package installer (on top of an older version is fine; your games, saves and settings are kept).
Games go in /data/DolphinPS4/games/, or pick another folder in Settings → Game Folder.
Settings → About should show 03.03.

Updates from inside the app. Dolphin checks GitHub for a new version when it starts and asks before downloading and installing it. You can also check by hand in Settings. This release still has to be installed by hand; later ones won't.
Choose your games folder. Settings → Game Folder browses the PS4's folders and USB drives. Press Square in the Games column to refresh the list after copying new games.
Safer save states. The Save/Load rows show whether a slot is Empty or from an Other Version. A state that can't be loaded is never loaded halfway: the game carries on as it was and the menu tells you why. States from earlier versions keep working.
Network fixed. Cover downloads and the update check work again.
Wii Menu no longer crashes the console. Picking Wii Menu in a Wii game's HOME Menu now returns to the game list.
Menu hint. When a game starts, a short hint in the bottom-right corner shows the L3 + R3 buttons that open the menu.
Smoother shader compiling. The shader compilers can now also run on the PS4's seventh CPU core.
Better speed in Spider-Man 2, Call of Duty 2: Big Red One and Metal Gear Solid: The Twin Snakes. Games that use the GameCube's memory mapping (Spider-Man 2 is one) no longer freeze with the Fast speed setting.
Smarter auto CPU clock. It undoes a clock increase that didn't help with dropped frames.
Logs no longer fill up with the same message repeated thousands of times.

See the README for controls, tips and tested games.