PS4 Update 2.00 Releasing Today Adding Share Play & More

Sony has announced on the Playstation blog that the latest PS4 update is coming out today, Oct. 28th. The update is the largest one the console has received since launch. Codenamed Masamune, update 2.00 will add new features. Some of these have been long requested since the console launched. The video below shows many of the new features in action and explains how they work.

The full list of what is being added in the update is available below.

• Share Play: PlayStation 4 will create an online local co-op experience by allowing you to invite a friend to join your game — even when they don’t own a copy of it. PlayStation Plus membership is required for certain Share Play features.
• YouTube: Upload your gameplay highlights directly from PS4 to YouTube by clicking the “SHARE” button on DualShock 4. In addition, a YouTube app for PS4 will be available to download from the PlayStation Store.
• Themes & Colors: Personalize your home screen background with select themes and colors. As a big thank-you to the PlayStation Nation, we want to kick-start your dynamic theme options by giving away a theme for two of the biggest titles gamers will be playing on PlayStation 4 this fall; Destiny and Call of Duty: Advanced Warfare. Both themes will be available for download on Tuesday.
• Live Broadcasting Enhancements: Search filters, archived broadcast support and more have been added to Live from PlayStation
• Content Area & Library: Find and access your content quicker with a redesigned Content Area and improved filter and sort functions for the PS4 Library.
• USB Music Player: Insert USB memory with music in your PS4 and start playing your favorite tunes in the background.
• What’s New: To make the activity feed more relevant and timely for you, What’s New will add Friends of Friends suggestions and Live Broadcasting updates from your friends at the top of your feed.

The PS Vita and PS TV will also be receiving updates, adding the "Live from Playstation" app. This app will also Vita and TV users to watch PS4 livestreams. The Playstation mobile app will also receive an update, added a new home screen layout and tablet layout.
While this PS4 update is rather large and is adding some nice features, it feels like Sony is playing catch up to the amount of updates Microsoft has been releasing for the Xbox One.