A new "Family on PSN" system makes it easier to customise parental controls per user and set-up accounts for children.
To be honest, there's nothing really all that exciting here at all, so it's definitely the weakest major PS4 firmware update that the console's received since launch. With the new update, users will be able to directly send songs and Spotify links via the PlayStation 4's messaging system, in addition to the PlayStation mobile app.
The PS4 5.0 System update has added a new Family Manager where guardians can now set up parental controls. But with 5.00, all controls (including game age ratings) can be individually attuned for each child.
The "Favorite Groups" tab is being replaced with a new "Custom Lists" tab that allows users to create and edit custom lists of their friends. When a live broadcast is linked to a community, the community button will appear on the Live from PlayStation section of the screen. Prior to the update this only occurred during cinematic mode, but now users will still be able to read and keep up with messages from viewers even when in VR mode. For example you could set up group containing all your chums who play Battlefield 1.
Finally, the 5.00 update fixes an issue where administrative parental control features were applied to all accounts; with this new update, parental controls will only affect the desired account. The 5.00 update addresses a long standing issue on the PlayStation 4 ecosystem: parents setting up accounts for their children. Then you can use that list to easily message and invite your Helldivers squad (hey, Helldivers is still really good) without disturbing your Destiny raid buddies. This setting is set to off by default but can be enabled if the user wishes. Now, users will be able to view more notifications inside the Quick Menu. You can also change how much of a message is displayed, as well as its color, when playing or watching any form of content.
Quick Menu updates: The Notifications tab, which shows download progress or new invitations, can now be accessed directly from the Quick Menu without leaving a game.
Speaking of VR, those watching Blu-Rays or DVDs in cinematic mode get 5.1ch and 7.1ch virtual surround sound when listening on headphones.
A new bracket viewer has been added to show full tournament brackets for Single Elimination and Double Elimination tournaments on PS4.
Finally, several new system language options have been added to the console, which include: Czech, Greek, Hungarian, Indonesian, Romanian, Thai, and Vietnamese.
At the beginning of August the details for the upcoming PlayStation 4 Software Update, 5.0, were leaked and it looks like that leak was fairly spot on for the most part. And now that the beta for the firmware update is rolling out, it seems like the final thing is just about as disappointing as those release notes suggested.