Sony announced that the PlayStation 4 2.50 update will be released tomorrow. Among the many changes and additions coming in this update will be the long awaited Suspend/Resume functionality. In addition, you can now backup and restore your HDD to a USB device, have custom DualShock 4 key mapping on a system level, better organize how Trophies are displayed, and more.
PlayStation 4 v2.50 Update

This update will also be paired with updates for the PlayStation Vita and the PlayStation mobile app. The Vita update will bring the system up to version 3.50 and the mobile app up to version 2.50. These add in new accessibility options and support for some of the new features in the PS4 update.