180w ago - With today's PS3 Firmware 3.40 Update came some documented features from Sony as well as some things not so noticable, including limitations on the PlayStation 3 Video Edit and Uploader application and some hidden PS3 system software update features.
According to Examiner.com (linked above), with Sony's PS3 Video Editor & Uploader you can't edit or upload content added to the system prior to the 3.40 Firmware update, you can't use copyrighted videos, and the application (which requires 44MB of PS3 HDD space) places a time limit of ten minutes on each video that is edited.
Moving on to the PS3 Firmware 3.40 hidden features, Jes03 noted HERE the following, to quote:
"One feature not said about is the new photo albums. You can upload/download to Facebook and even view Facebook albums on the PS3."