I just turned on my Ps3 and found that there is a new update.
Changelog
Playlists that were created in [Music] and [Photo] can now be copied along with the content they contain to a PSP system. You can play the content on the PSP system in the order that was set on the PS3 system.
BD Profile 2.0 is now supported. With BDs that support BD-LIVE*, you can access internet content for the BD.
*BD-LIVE is a trademark of the Blu-ray Disc Association.
Resume play* can now be used on a BD or DVD even if the PS3 system has been turned off or the disc has been ejected. However, there are some discs on which resume play cannot be used.
*A feature for starting playback from the scene where the video was stopped previously.
DivX content that exceeds 2 GB can now be played. Also, subtitles can now be displayed for DivX content.
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Press Release
View Update History
The PLAYSTATION®3 system software version 2.20 update includes the following:
BD Live support

Blu-ray Disc Profile 2.0 (BD-LIVE) is now supported. ~
See details
Copying playlists
You can now copy playlists that you create in photo (Photo) and music (Music) to a PSP® system. ~
See details
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Other new or revised features in version 2.20:
Settings
~ The way you register Bluetooth devices has changed. Also, you can now manage your registered devices.
~ A [BD Internet Connection] setting has been added under [BD/DVD Settings].
~ An [Audio Output Device] setting has been added under [Remote Play Settings].
Photo
~ You can now display an image while editing a playlist.
Music
~ You can now play a music track while editing a playlist.
Video
~ You can now play DivX and WMV format files that are 2GB or larger.
~ You can now display subtitles in DivX-format video files.
~ You can now begin playing a DVD from the point where you previously stopped it (Resume Play).
~ A [Mosquito Noise Reduction] option has been added under [AV Settings] in the control panel for standard DVDs.
~ You can now play BD-R version 1.2 (LTH* BD-R) discs.
~ LTH, or low to high, is a recording method that supports organic dye write-once BD-R media.
Network
~ You can now change some PS3 system settings during remote play.
~ [Save Target] has been added as an option under [File] in the browse mode menu of the Internet browser. This option lets you save a file that is linked from a Web page, such as an image or video file, or other type of file, to your PS3 system's hard drive or storage media.
~ The Internet browser now displays Web pages more quickly.
~ Using the Internet browser, you can now play a linked video file* as it is being downloaded.
* Some types of video files cannot be viewed in this manner and must be downloaded completely before playback.
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System Software Updates:
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03/24/08 - 2.20 (BD Live added, 2GB+ Divx/WMV file support added, Resume play)
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03/12/08 - 2.17 (Stability for online gaming improved)
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12/17/07 - 2.10 (BD 1.1, Divx, VC-1 support)
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11/19/07 - 2.01 (Stability and bug fixes for issues with 2.00)
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11/07/07 - 2.00 (Sorting Trailers/Games, Playlists for Photos/Music, Trailers stream from PS store)
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10/23/07 - 1.94 (Included on R&C disk - enables Dual Shock 3 support)
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09/12/07 - 1.93 (Fix for Warhawk and PSN connection issues)
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09/03/07 - 1.92 (Quicker XMB loading, Browser improvements, Bug fixes)
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07/23/07 - 1.90 (XMB Backgrounds, CD upsampling, Change PS1/PS2 video settings in-game)
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06/27/07 - 1.82 (AVC High Profile (H.264/MPEG-4) playback support)
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06/13/07 - 1.81 (Fixed "full" option not sticking on RGB)
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05/23/07 - 1.80 (PSX/PS2/DVD Upscaling, DNLA, Blu-ray 720p, PS2 Card adapter performance)
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04/18/07 - 1.70 (Rumble for PS1/PS2, PS1 downloads playable on PS3)
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03/22/07 - 1.60 (BG downloading, Folding@Home, Europe BC Enabled)
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02/02/07 - 1.51 (PS2 BC improvements)
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01/24/07 - 1.50 (Store payment options increased)
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12/21/06 - 1.32 (Network and browser performance improved)
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12/13/06 - 1.31 (PS2 BC improvements)
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12/06/06 - 1.30 (Method of changing resolution changed, Backup utility added)
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11/28/06 - 1.11 (Account management added)
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11/10/06 - 1.10 (ATRAC support and other minor fixes)
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11/04/06 - 1.02 (Exploit patched, Forced update to play newer games)