PS4 System Software Update 1.50 Detailed

The system software update 1.50 is approximately 300 MB
Sony Computer Entertainment has announced that the system software update version 1.50 for PS4 will go live simultaneously with the system's official North American/European launch on November 15th, 2013. With this update users will be able to access PS4 titles displayed on their living room TVs and play them on a PS Vita system over Wi-Fi networks by using PS4 Link (depending on network environment or titles, remote play performance may vary outside of the home).
In addition, a maximum of four users can log-in to a single PS4 system simultaneously. These players can use their own save data to play games, and also earn trophies on their own Sony Entertainment Network accounts even when playing a multiplayer game together on a single PS4 system.