Okay. Sony has released the much anticipated 2.40 firmware update for the Playstation 3. You can update via System Update on your console or download it onto a memory card or other via PC. The full changelog from 2.36 is as follows taken from the company's european website:
Main features in system software update version 2.40
You can now access the PS3 Home Menu screen while playing PLAYSTATION 3 format software.
You can now perform an Internet search directly from the PS3 Home Menu screen.
Other new or revised features in version 2.40
Overall
You can now see the system clock on the PS3 Home Menu screen. The date and time that were set under Settings > [Date and Time] are displayed.
When using a keyboard, you can now clear the entire text entry field at once.
An icon is now displayed when you press the PS button for an operation that cannot be performed.
Users
You can now turn off the PS3 system from the PS3 Home Menu screen using the [Turn Off System] option.
Settings
You can now set the PS3 system to turn off automatically after updating the system software.
[Reassign Controllers] and [Controller Vibration Function] have been added as options under [Accessory Settings].
Photo
You can now print images from a playlist.
You can now sort items that are grouped in a folder by month or year using the [Film Date] options.
Music
You can now use a mini-size control panel while playing music.
You can now play music content encoded in MP3 Surround format.*
* MP3 Surround can only be played in Linear PCM output.
Video
You can now use the [Frame Noise Reduction] and [Block Noise Reduction] settings for video content that is saved on the hard disk or storage media.
You can now play upscaled video content that is saved on the hard disk or storage media. When the video content is played, it is upscaled automatically to fit the screen size.
Upscaling of Blu-ray Disc (BDAV) video content is now supported.
For DTS-HD playback on DVD-Video and Blu-ray Disc media, DTS-ES and DTS 96/24 for DVD-Video and DTS-ES Matrix for Blu-ray Discs are now supported.*
* "DTS" is a trademark of DTS Inc.
Game
The procedure for quitting PLAYSTATION 3 format software has been changed.
You can now collect trophies in games that support the trophy feature.
Network
[Search] has been added as an option in the browse mode menu of the Internet browser.
Friends
The number of Friends who can be added to a Friends list has been increased from 50 to 100.
The [Information] screen has been redesigned and renamed as [Profile].