Sony's let loose a new PS3 update, bringing the firmware up to V2.70.

Perhaps one of the most sought after features that has been added is the ability to have text chat conversations with friends. Conversations will be able to be carried out between you and up to 15 other people and you can take part in three chat rooms at once. Chatting is available both in and out of game, and the conversation can be carried on even when switching between the two.

The friends list has also received an update. You can now sort the list either by online status, or alphabetically. Sony upped the file size limit on attachment files and you can now send files up to 3MB in size instead of 1MB.

Two other features included in the update have been talked about on the PS3 forums quite a bit as well. You can now backup video content purchased for the PS3, saving it on an external drive. You can also now synchronize PSP video with the PS3, allowing you to view the content on your television.