You can now download the Playstation 3 firmware update 2.20. Some of the new features are.

*The update enables the PS3 to support Blu-ray Disc Profile 2.0, also known as BD-Live.
* The ability to copy PS3 Music and Photo playlists to a PSP system. We introduced the ability to create Music and Photo playlists on the PS3 in firmware update v2.0. Now you can easily export your playlists to your PSP.
* You can now play DivX and WMV format files that are over 2 GB. In addition, you can now display subtitles when viewing DivX files.
* Resume Play - begin playing a DVD or BD disc from the point where you previously stopped it, even if you eject the disc and insert a different movie or game.
* Use your PSP as a remote control to play back your music files on your PS3 without turning on your TV.
* The Internet browser now displays some web pages faster. In addition [Save Target] has been added as an option under file. This option lets you save a file that is linked to a web page to your PS3 hard drive or storage media.
*There are a few other tweaks and upgrades included in v2.20.
[via Playstation Blog]