I bought the M3DS Real, got the latest firmware from m3adapter.com (v3.8), and the menu seems to load up fine- except while I should have 7 menu items ("games", "gba", "mycard", "boot", "media", "PDA", and "settings") I only have 5. I'm missing the "games" and "gba" icons. I created an "NDS" folder in the root directory (alongside "SYSTEM") and everything, but the menu still shows up incomplete. I can navigate to my .nds files by going through "mycard", and I can see them, but I can't run them that way. Any ideas what's going on here? Thanks.
I would recommend using the sakura firmware instead of touchpod anyway. You can get a dual-boot version, with both the latest sakura and touchpod here: http://gbatemp.net/index.php?showtopic=89197
I guess I was looking in all the wrong places. Downloaded the latest version now, and it seems to be working fine. Thanks a lot!