PS3 update 2.40 is will be available on 2nd July 2008 according to Sony’s official PlayStation blog.
As we know, PS3 update 2.40 will include “XMB” access in-game and also include “trophies,” an exciting new feature.
The update also adds a mini-control panel that you can use while playing music and an internet search feature powered by Google that allows you to initiate search directly from the XMB (similar to what we added to the PSP recently).
In addition, when you’re using the XMB or accessing the XMB from in-game, the current time and date will be displayed in the upper right hand corner.
To preview how the XMB and Trophies work, check out the video below:
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PS3 update 2.40 will include “XMB” access in-game and also include “trophies,” an exciting new feature, as well as some other new enhancements.
This is confirmed by Eric Lempel, Director of PlayStation Network Operations, at Sony’s official PlayStation blog
PS3 firmware update 2.40 is expected to be released soon, but there are rumours that it will be delayed till July 2008.

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PS3 update 2.36 has just been released by Sony today.
This firmware update 2.36 will improve “system stability when playing select PlayStation format software titles.”

Eric Lempe, Director of PlayStation Network Operations, also posted at Playstation Blog on the upcoming PS3 firmware update 2.40:
We’re also happy to officially report that the 2.40 system software update for PS3 will include “XMB” access in-game. The update will also include “trophies,” an exciting new feature that we’ll be providing more details on soon, as well as some other new enhancements. We’ve talked about some of this on the blog previously and know that many of you can’t wait to get your hands on these features. You can expect us to share all of the official details shortly.
Download: PS3 Firmware Update 2.36 (US) / PS3 Firmware Update 2.36 (EU)
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PS3 update 2.35 has just been released by Sony today.
This firmware update 2.35 is meant “to improve stability’ for a number of PlayStation 3 titles but is not fixing anything related to the GTA IV issue some gamers on older PS3 consoles experience.
Sony did not said which titles will benefit from this new firmware update 2.35
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