Excellent details for the US firmware 1.11 update!

We may have jumped the gun yesterday when we talked about the updates for the PS3, but it turns out we weren't entirely wrong. We just missed a lot. What did we miss? Let's refer to the recently updated PlayStation.com page and compile a quick list. And by compile, we're going to copy/paste so we don't misinterpret anything.

• General
  • You can now use PLAYSTATION®Network services.
  • You can now use the single tap text entry method on the on-screen keyboard for English and other European languages.
• Settings
  • [Audio CD Output Frequency] has been added as a feature under [Music Settings].
  • [Enable ATRAC] has been added as a feature under [System Settings].
  • [Cross Color Reduction Filter] has been added as a feature under [Display Settings].
  • [After 5 Minutes] has been added as an option to [Screensaver] under [Display Settings].
• Video
  • You can now select [Full Screen] under [Screen Mode] when playing video files saved on the hard disk or storage media.*
    *An appropriate USB adaptor (not included) is required to use storage media with some models.
• Network
  • You can now download and save music and video files on the hard disk under [Internet Browser].
  • You can now download the following types of content under [PLAYSTATION®Store].
    − PLAYSTATION®3 format software
    − PLAYSTATION®Network titles*
    * The term "PLAYSTATION®Network titles" refers to PlayStation format games (PS one) downloaded from PLAYSTATION®Store and PSP format games distributed electronically.
  • Simplified and traditional Chinese characters can now be displayed under [Internet Browser].
  • [Online Instruction Manuals] has been added as a feature.
• Friends
  • New for 1.11: [Account Management] has been added.
• Other
  • The method of calculating hard disk capacity has been changed.
    * Free space on the hard disk is calculated as 1 GB (1024 x 1024 x 1024) = approx. 1,073,740,000 bytes. As a result, the free space value displayed may be less than the value that is mentioned under specifications in the product documentation. You can check hard disk free space under [Settings] > [System Settings] > [System Information].
  • 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.
  • New for 1.11: Some PLAYSTATION®Network features have been revised.

I hope that clears everything up! Sounds like a bigger update than we thought, making the size of the update make a little more sense.