PSP Firmware 3.40 Released in Japan and South Korea
While there hasn't been any word on a US release, several PSP blogs and news sites have reported that version 3.40 of the PSP's firmware has been released in Japan and South Korea. I'm sure a US version will be soon to follow but in the mean time there's a web translation below of what's included in the next version of the PSP's system software. You can check out the PlayStation Japan site for yourself
here.
- PLAYSTATION Network title performance in order to play was strengthened.
- PlayStation standard software PSP and PS3 being both, you can use the saving dataIt became the way.
- As for download of the PlayStation standard software which corresponds to PS3, from April 26th at PLAYSTATION®Store it is the schedule which is started.
- [License management] was deleted.
- In [you can verify the information which is indicated license management], with the following operation.
- Choosing the idea contest of the game where we would like to make information indicate pushing the △ button, [Information] is chosen from the option menu.

Source:
PlayStation Japan via
PSPUpdates