The latest update of the Sony Playstation update 3.40 comes with the feature of Video editing on it.
The video editor and uploader make up a new function that will be accessed via the PS3′s XrossMediaBar (XMB); it will allow users to edit, save and upload video files stored on the PS3 system directly to YouTube and Facebook. Also new is the five-star rating system that will let gamers rate content downloaded from the PlayStation Store; the scoring system will also work retroactively, meaning gamers can rate past content via a “Rate” button on the product pages.
Check out the Sony PS3 Update 3.40 Video Editing Test video,
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