it is already out the latest is 5.02
it has been confirmed that it may come out late 2010 to early 2011
then update it
You don't 'update the PSN', you update the PSP's firmware from the Settings menu on the XMB.
To update a chipped PSP, a person must use the system update function manually. From there, the chipped PSP must be upgraded to version 6.60.
Yes, if your UMD is a brand-new game it should come with updates.
Because it updates the PSP not the network.
to update your psp, you could just download it from the browser or use the network update on your psp. check out this fun addicting game online kddoan.mybrute.com
Sony offers three different ways to update a PSP's firmware. These three ways include updating directly via system update, update from a UMD, and update via a PC (Windows or Mac).
You can download the update and copy it to the memory card, then run the update on the PSP itself.
http://wiki.answers.com/Q/You_have_update_psp_5.00_now_you_want_update_your_psp_5.00m33"
update it
update to 3.5 on psn