Sony has finally released PlayStation 3 system update 3.40 that brings along PlayStation Plus, a new paid subscription service for PS3 owners. A bunch of other features also arrive for PS3 owners with this update. PlayStation Portable gaming console owners also get firmware 6.30 update that brings an option to organize games into a group of folders.
The update will bring Facebook integration to the console. The Facebook for PS3 application will allow users to integrate their PSN profiles with their Facebook profiles, allowing them to send PSN invitations on Facebook and show off their Trophy collection to friends.
While the current level of PSN service and online multiplayer will remain free, the recently-announced PlayStation Plus subscription promises users free games, early demos, beta invites, discounts, free themes and avatars. The premium service will cost US$50 annually, or US$18 for a three-month trial subscription. The first month’s offerings include a free copy of the downloadable racer Wipeout HD, two PSP mini games, and a handful of premium avatars.
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.
Finally, new power save settings will mean the default setting for the PS3′s System Auto-Off will be set at 2 hours, providing users with additional power save options.
Take a look at Sony PS3 UPDATE 3.40 VIDEO EDITING TEST video,





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