Currently I'm running Linux-3.0 and I want to update it to Linux-3.3.1 the latest stable kernel release as mentioned at http://www.kernel.org. Can I update to 3.3.1 in Ubuntu without any risk of crashes? I'm updating my kernel regularly as provided by the Update Manager..Currently I have Linux-188.8.131.52..Can I update?
The latest kernel version any user is supposed to use in Ubuntu is updated automatically via the Update Manager, so no action is normally required by user regarding kernel upgrades. What the question author is referring to is mainline kernel, see: Should I upgrade to the "mainline" kernels?