PS3 3.40 to add PlayStation Plus, video editing

Sony this evening explained the details of the PlayStation 3 firmware update needed to switch on PlayStation Plus. The 3.40 update will be needed to get all the extras attached to the paid service, such as free games, early access betas and Qore. New, however, is the addition of a video editor: players can trim unprotected movies and post them to sites like Facebook or YouTube....

Source : http://www.electronista.com/articles/10/06/28/ps3....