Eric Lempel, Director of PlayStation Network Operations, over at the PlayStation Blog has uploaded a video showing off the upcoming PlayStation 3 firmware 2.40. The first part of the walkthrough shows off come of the in-game XMB features such as messaging, game launching (from within another game), in-game music playback, the XMB clock and more. According to the blog post, the firmware update is "coming soon", but there is still no mention of a firm release date. You can check out the video below.
Part two of the walkthrough will be uploaded in a few days time showing off the new 2D Trophy support and some of the other new features offered by the new system software.