PSP Firmware 5.0 and PS3 Firmware 2.5 now Available for Download

With the new PSP firmware version 5.0 released, PSP Gamers will be able to access  Playstation network store and their  account directly via Wifi Connection with account management options, with the new firmware PSP owners will be able to download new PSP games, demos, trailers using their existing PSN account or by making e a new identity at the Playstation store.

Video Demo of new PSP firmware 5.0 and PSE Firmware 2.5

PS3 on the other hand gets firmware update version 2.5

which adds to support of Flash Player 9.0, in game screenshots, voice chat, bluetooth battery life indicator, power saving options, PlayStation Trophies interface enhancements, friend on-offline status, video scene thumbs to enhance searching and many more.