The PlayStation Blog in the USA has announced a the release of the next PS3 firmware update. This comes prior to the budget range of 'Greatest Hits' (known as 'Platinum' in Europe) PS3 games, which hits the streets on Friday.
According to Sony's Eric Lempel, "Just wanted to give everyone a quick heads up that a PS3 firmware update (v2.42) is now available for download. This update improves the playback quality of some PlayStation 3 and PlayStation format software."
That's all the information there is - nothing about PlayStation Life, the service that involves links to Youtube and various Google products (maps for example). According to SCEA head, Jack Tretton, this was due on US PS3s at least, by the end of this month.
Source:
PlayStation Blog USA