Psp version 4.00 firmware is rumored to be released some time this month. Here are some new features you will have.

PLAYSTATION 3 Network titles can be played under PSP [Remote Play"] under Game. The PSP is then used as a monitor for any
game playable in Playstation 3 game console.

Network:

• Real, Quicktime, and WMV audio and video codecs are now supported.
• [Shockwave Player"]has been added as a feature.
• PSP web browser has been updated to allow compatibility with current websites.
• [Adobe Flash Player 9"] has been added as a feature, using the Memory Stick Pro Duo as flash memory.
• [Remote Play"] has been improved by the PS3 outputting 1080p to the PSP with larger icons text and better video quality. Remote Play now transmits at 11 mbps per sec.
• 802.11g support has been added as a feature.
• PSOne games can now be downloaded without a PS3
• Level 6 has been added to rate in Sony LocationFree Player to improve picture quality in H.264
• [Auto Connect"] has been added as a feature

Music:

• More visuals has been added as a feature.

Video:

• Real, QuickTime, and WMV audio and video codecs are now supported.
• RSS [Video Streaming"] has been added as a feature.
• [Color Configuration"] has been added as a feature.
• Recording has been added as a feature under Audio and Video RSS Streaming.

Photo / Settings / Other

• Copy, Command, Paste, Auto Complete, and Advanced Cookie Management has been added as a feature.