An open source small DC/DC 3W switcher to drop 5V to 3V in a 7805 TO-220 pinout from Black Mesa Labs:
This post is an open source hardware design from Black Mesa Labs for a simple DC/DC converter for dropping 5V to 3.3V ( or adjustable to lower voltages via resistor selections ). The design is based on the PAM2305 from Diodes Incorporated, a great little 1 Amp step-down DC-DC converter in a small TSOT25 package. The PAM2305 supports a range of input voltages from 2.5V to 5.5V, allowing the use of a single Li+/Li-polymer cell, multiple Alkaline/NiMH cell, USB, and other standard power sources. The output voltage is adjustable from 0.6V to the input voltage.
More details at Black Mesa Labs site.