Eurogamer obtained a copy of the release notes, and it seems the biggest takeaway is the ability to stream Twitch in 1080p and 60fps.
Update 5.0 for the PS4 is set to launch later this year, but details regarding the patch have recently surfaced. Now, those that stream using the PS4 Pro, are getting a bit of a treat as the next firmware update unlocks 1080p 60fps streaming on Twitch.
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Once the update is applied to either PS4 consoles, users will be able to follow anyone's account, which at present is only possible for verified accounts such as games, developers and YouTubers. Now you can do this just for verified accounts of note, such as the official accounts for games, and some individual developers and YouTubers. According to the documentation, this is to "encourage more sharing of content and more interactions". You'll also be able to follow whoever you want without needing a friend request to be verified, and without filling up your friend limit. This means you don't have to fill up your friends list in order to get updates.
Players will have the ability to block users, as well as the option to choose whether or not they want anyone or just existing friends to be able to follow their account. Adult accounts can send requests to other accounts on separate PS4s to join the same family.
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She added that a colleague from USDA's public affairs unit gave advice to "tamp down on discretionary messaging right now".
Specifically, Sony will reportedly introduce a new web application for managing family accounts, as well as membership and parental controls. In the context of Sony's comments around keeping Minecraft and other cross-network games safe for children, it is interesting to see the company focus on this in its next system update.
These include the addition of a new quick menu which eliminates the need to go back to your home screen for notifications. Downloads can also be checked using Quick Menu.
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There's no current timetable for firmware 5.0's release, but it should be available in the near future.