This morning, PlayStation.Blog officially announced that the United States will be getting v5.00 firmware after all. Its been a tough couple of days because no one knew if the update would only work in the Japan Region, and many believed that North America wouldn’t get the update until after Japan got it. No worries any more however, v5.00 will include the highly discussed ‘PSP PSN Service’, which Sony is bringing PSN to the PSP, but in a down-sized format. You can now sign up for PlayStation Network, manage your account and access PlayStation Store directly from your PSP - that’s it. The big thing about this update was access PlayStation Store directly from your PSP - meaning you can download games directly to your PSP while connected to Wi-Fi. The Wi-Fi PSP store will have all the content that’s already on the PC PlayStation store, and you will have the same account if you already registered a store account on your PC.
In addition to the access to the PlayStation Store directly on your PSP, v5.00 adds a Sleep Timer that you can use with your own music saved to the Memory Stick Duo/Pro Duo. Even more, Sony has updated the on-screen keyboard into a new Full-Screen Keyboard, and they also revamped the XMB Background to give it a new look. Below is the entire list of what’s including in v5.00 update for the PSP.
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PSN Access- Manage your PSN Account and access the PlayStation Store directly on your PSP.
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Sleep Timer- Can be used while you are playing music on your PSP.
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Revamped onscreen keyboard- A redesign of the on-screen keyboard for text entry.
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Redesigned XMB background
The PC PlayStation Store will be temporarily down because of this update, but will be back up after Sony tweaks the Wi-Fi PS Store.

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