The PlayStation 4 will be getting update 1.70 soon and Sony has given some details on what's in release on their blog. Coming to the PlayStation 4 is the Share Factory. This little piece of software will let you edit your saved video clips with features such as transitions, commentary, and music. The software looks fairly intuitive and will allow you to use your own music as well as the included ones as well.
Finally, the update will allow people who pre-order games to pre-load the game onto their system ahead of time. This feature is something that's a god send on platforms like Steam allowing people to play the game the second it's launched. Being able to purchase a game and have it pre-load days before is an extremely helpful feature and one I'm glad to see come to the PlayStation 4.