http://www.gamespot.com/articles/ps4-fans-discover-350-update-does-more-than-advert/1100-6438645/
https://www.reddit.com/r/PS4/comments/4dl1zr/ps4_firmware_350_megathread_20160406/
Accidentally stumbled across this while doing some research. The articles are all within a few hours old so I'm assuming this thread is original to the site.
Not included in this Reddit thread, but reported everywhere else is the fact that the PS4 now supports up to 4TB of internal HDD memory
Detailed Tweaks
(1-14 by /u/halpmeplz01 in this post)
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User Scheduled/Created Events
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Play Together button - easily invite people in your party to the same game
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Friend online notifications can be turned on or off on a person to person basis
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Appear offline.
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Remote play on PC/Mac
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Dailymotion Live Support for streaming etc.
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Teens (13-17) can now create their own accounts with limited access to play offline games, rather than having to use a sub account.
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Easier to search for communities by text, language, time zone
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You can now share OTHER people’s activities so your friend’s can see it too.
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Tweeks to messaging - you can see short replies to messages without jumping to a different screen
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You can TAG other players when sharing video and screenshots (if you have your fb/twitter permissions enabled, the tags will carry over to the sharing on those sites).
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You can check the status of PSN (this is a feature? just use the website...)
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USB music player is back.
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Improvements to PS+ (improvements to managing online storage and ability to see friends who play the same games as you).
Unannounced Tweaks:
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You can disable the screenshot on-screen notification (in Settings under Notifications) allowing you to take multiple screenshots in a row without the screenshot taken popup. The sound indicating the screenshot was taken still functions as normal.
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Life From PlayStation Improvements:
- There's a search field on the game list now. Previously you had to use the "global" search, that'd return matches for everything (pre-recorded, videos, screenshots) and not just live streams.
- You can pin up to three games that will stay on the top of the list. I watch Bloodborne and DS2 streams all the time, now I don't have to scroll down every time to find them.
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You can set a party member limit now. From 2-8 people.