I still haven't downloaded the 2.0 update because I'm afraid I won't be able to play GT4 anymore.
What the 2.0 update does for your PS3.
The PLAYSTATION®3 system software version 2.00 update includes the following:
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Users
o You can now password-protect user accounts.
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Settings
o [Dynamic Normalizer] has been added as an option under [Sound Settings].
o [Energy Saver] has been added as an option.
o [Equalizer] has been added as a feature under [Music Settings].
o [Full] has been added as an option for [DVD Wide Display] under [BD / DVD Settings].
o [Photo Settings] has been added as an option.
o [PS / PS2 Settings] has been added as an option.
o [RSS Channel Settings] has been added as an option.
o [Sample Rate] has been added to [Audio CD Import] under [Music Settings].
o [Screen Saver] has been expanded under [Display Settings].
o The method of selecting an output resolution has been changed in [Video Output Settings] under [Display Settings].
o [Theme Settings] has been added as an option.
o [Zero Unused Disk Space] has been added as an option under [System Settings] > [Format Utility].
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Photo
o Additional slideshows have been added.
o [Photo Effects] have been added as a feature.
o Wallpaper feature has been added.
o [Zoom] has been added as a feature.
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Music
o Additional visualizations have been added.
o CD information can now be entered.
o Three-speed fast forward and fast reverse has been added as a feature.
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Video
o Files can now be played sequentially.
o Three-speed fast forward and fast reverse has been added as a feature.
o You can now select [Zoom] under [Screen Mode] when playing video files saved on the hard disk or storage media.*.
*An appropriate USB adapter (not included) is required to use storage media with some models.
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Game
o Support for PLAYSTATION®3 format software titles has been expanded.
o XMB (XrossMediaBar) is now accessible during gameplay.
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Network
o [RSS Channel] has been added as a feature.
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Friends
o You can now have multiple chat sessions.
o You can now select an image to use as your Avatar from [Photo].
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Other
o Date & Time is now shown when the PS button is pressed.
o File sorting has been changed.
o [Help] has been added as a feature.
o Playability status with the PS3 system has changed for some PlayStation® and PlayStation®2 format titles.
To check on the latest status, visit the search site for compatible titles.
o [Secure Delete] has been added as an option.
o Some PLAYSTATION®Network features have been revised.
Source:
http://games.fok.nl/news.php?newsid=17816