Firmware 3.40 for PS3 introduces the ability to purchase PlayStation Plus subscriptions in addition to tighter integration with various social networking platforms such as Facebook with a built-in video editor and the ability to share clips and photos.
A full run-down of what's included can be found below.
* You can now edit and upload video content.
* You can edit video content that is saved on this system and upload the video to a video sharing website to share it with your friends. To use this feature, go to [Video] > [Video Editor & Uploader].
* You can now share your favorite photos with friends, using a photo sharing website. To use this feature, go to [Photo] > [Photo Gallery].