Well, after months of rumors, and hundreds of edited, fake photos of 3.00 distributed on the Internet, Sony Computer Entertainment Japan has finally spilled the beans on the official 3.00 firmware release date! According to JP.PlayStation.com, the update will be released shortly, with some interesting new features, here's a straight translation from their site:

"In addition, since selling PSP® in late November it upgrades also “[pureisuteshiyon] does Advanced Capability addition and strengthening of security via the version upgrade of continuous system software, portable” which, in 3.00 and starts raising the cooperation function of PS3. As for everyone of the PSP® user with the update to of version 3.00, for PSP® which is transmitted inside PLAYSTATION®Store “of PLAYSTATION®Network” besides the fact that it reaches the point where utilization it can receive the game software, the remote play function of PS3 * to enjoy 3 also it becomes possible to receive, (in PS3 of the HDD loading of 20GB from the fact that it is not wireless LAN function, it is not possible to utilize remote play, * 4)."

So, by the looks of it, you should be able to retrieve the update via the PlayStation Store, part of the PlayStation Network, a new feature for the PS3. Of course, you can see that the update is packed with more security updates (it's Sony, people) and many PS3 to PSP connectivity features, including game software transfer.

So get ready for the update we've all been waiting for... *cough* dreaded *cough*. This update should be available for download on Network Update on the 11th, though contradicting reports from IGN a few days ago say otherwise (they said end of November). But for now, we're getting our countdown clock fired up, as we wait for the 3.00 system update!

[Source]

UPDATE #1:
It seems as though a few PS3 users have stumbled upon some very informative details on the PlayStation Network. A small list of PS1 games has been posted, which will be available for download. Some of the games are:

- Hot Shot Golf 2
- Iron Fist 2
- Silent Bomber
- Jump Flash!
- (Other titles which are still untranslatable)

And now, these games are only playable on the PSP. So, if this information tells us anything, firmware 3.00 should indeed have PS1 emulation. Keep it here for more information on firmware 3.00!

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