PS3 Firmware 2.50 is now live globally
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Update: PSP Firmware 5.00 is now also live.
Sony's put PS3 Firmware 2.50 live in Europe, as promised. We're downloading as we type.
There are already a slew of reports live saying the update is up in the US.
The update includes the ability to take in-game screenshots, among plenty of other things, all of which are detailed here.
Go get it.