PlayStation 4 system software version VSH3.00, (codenamed “Kenshin”) arrives, bringing with it a host of brand new features. Alongside oft-requested updates such as increased cloud storage, 3.00 will offer new functionality to help PS4 owners connect with friends and players around the world, expanding the social capabilities of the system even further.

The below list isn’t a final rundown of everything that’s included in the update, but we wanted to give you a glimpse at some of the exciting new features coming your way.

• 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. For instance, you may see an update for a double XP weekend, a special enemy appearing at a scheduled time, or seasonal events like in-game towns being decorated for the winter.
• YouTube live: PS4 owners will be able to live stream gameplay to YouTube. Live streams will be viewable across YouTube, including on the new YouTube Gaming mobile app and website.
• Online storage capacity increase: PlayStation Plus members’ PS4 cloud storage capacity will increase from 1GB to 10GB
• Favourite Groups: Favourite Groups has been added to the Friends app, letting you add new or existing groups as a Favorite Group and 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.
• 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 or games. If you want to tackle a big multiplayer raid, but don’t have enough friends, this could be a great way to connect with other likeminded players.
• Sharing video clips to Twitter: Users will have the ability to share video clips directly to Twitter. The maximum video length is 10 seconds, but you’ll have the ability to trim longer clips.
• Live from PlayStation: We’ve added the ability for users to view popular broadcasts, video clips and screenshots on the Live From PlayStation area
• Screenshots: We’ve listened to your feedback and we’re happy to confirm that PNG format is now an option for Screenshot saves
• Now Playing: The Now Playing screen will display more information about what your friends are doing, and you’ll be able to quickly jump into a party, request a screen share, or jump to PlayStation Store to buy a game your friend is playing.
• Request to watch: Want to view a friend’s gameplay session? Now you can send a ‘Request to Watch’ notification to a player, which will start a live broadcast or Share Play invitation to the person playing.
• Stickers: Tired of typing out messages? With this update, you’ll be able to send stickers to friends through the messages.

There’s a lot more included in this update, but that’s a quick glance at some of the items we’re most excited about. Stay tuned for more information as we approach launch

http://blog.eu.playstation.com/2015/09/01/find-out-what-new-features-are-coming-in-ps4-system-software-3-00

Finally increased cloud storage

1GB to 10GB's? Hot damn!

I don't really care for almost everything there, but increased cloud storage is great. The update is worth it for that alone.

Amazing just about everything I wanted minus Name change and BC.

Appear offline would also be nice to get ASAP, but hey I'll take 10GB Cloud Storage and PMG screenshots! Communities also starts sounding good.

Events


Favorite Groups


Now Playing




Communities


Request to watch


Streaming

https://www.jp.playstation.com/blog/detail/1444/20150902_ps4.html

Pretty good update
Events could be pretty neat I guess. Though won't really be used, but if it pushes notifications to you, better.
Youtube Live is great for some people, especially as youtube are tryna dig deep into gaming.
Online storage is probably best news for majority there.
Favourite groups I have wanted since PS3. I always forget who I added for Rocket league and who I added from destiny etc.
Communities sounds like the playstations miiverse. If they are going up against miiverse, it should be as good as if not better, otherwise it will get buried. Don't mess with the community sony.
Twitter upload will get used interestingly.
I never check Live from playstation any way.
PNG is good for some.
Now playing, meh.
Request to watch sounds like something i'd use. Streaming doesn't affect the game, so I wouldn't mind if someone wanted to watch me.
Stickers, okay.