The update will:

(finally) allow YouTube for Share Play videos. allow posting 10-second videos to Twitter now presents to option to watch friend videos and screenshots allow you to segregate your friends into “Communities” for easier party formation streamline message > party > now playing screens to minimize the use of the circle button show all your PlayStation Plus benefits in one place provide parental controls upon startup allow commenting on nearly everything allow spectating on friends’ gameplay include a setting for faster scrolling and increased pop-up notification!

3.0’s features may prove more useful the more players become accustomed to them. The most beneficial aspects such as the YouTube addition and parental controls (for some) are a long overdue bonus. The spectating feature is intriguing and hopefully will be a smooth and easy to use feature.