PlayStation 4 Update 3.00 Detailed

Sony has been hard at work bringing new features to the PlayStation 4 with version 3.00 (codename: Kenshin). Kenshin brings improvements to its social capabilities, an increase to online storage and the ability to livestream to YouTube. Below are the details on what new features are coming in version 3.00.

• Online storage capacity increase — PS4 online storage capacity has increased from 1GB to 10GB for all PS Plus members. In 3.00 system software, you’ll see that we added a handy usage meter to monitor your available storage capacity, and a new Auto-Upload menu has been added to Application Saved Data Management.
• YouTube live — PS4 owners will be able to livestream gameplay to YouTube. Livestreams will be viewable across YouTube, including on the new YouTube Gaming mobile app and website.
• Sharing video clips to Twitter — Users will have the ability to share video clips directly to Twitter. Maximum video length is 10 seconds, though you’ll have the ability to trim longer clips.
• Request to watch gameplay — Want to view a friend’s gameplay session? Now you can send a ‘Request to Watch’ notification to a player
• Communities — PS4 users will have the ability to create communities based around shared interests, like games, genres, and more. Communities include a message board with general discussion, screenshots shared by players, and the ability to join parties / games.
• Events — A new hub for events has been added, giving an overview of activities taking place in the games you play most, as well as official broadcasts. 
• Now Playing / What’s New — The Now Playing screen will display even more information about what your friends are doing, and you’ll be able to quickly jump into a game, party, request a screen share, or get sent to the PS Store to buy the game your friend is playing – further enhancing the social relationship with your friends online.
• Favorite Groups — Favorite Groups has been added to the Friends app, letting you quickly access groups of people you like to play games with frequently. This will make the process of getting a game session up and running even easier.
• Stickers — Tired of typing out messages? With this update, you’ll be able to send stickers to friends through your messages.
• Live from PlayStation — We’ve improved the Live From PlayStation app, making it easier to view popular trending broadcasts in real time.

There is now specific release date, but you can sign up for the beta (here) to try it out. Just keep in mind that not all features will be available till official release.