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On September 30 (hey, that's tomorrow!), PlayStation 4 owners will download and install the 3.0 system software update. The update has been in beta testing for a number of weeks now. Some details were revealed a couple of weeks ago but here is a general overview as to what's coming in the 3.0 update.
Sharing video clips to Twitter:PlayStation Plus:YouTube live:PNG Screenshots:Events:Improvements to Messages and Favorite Groups:Communities: PS4 users will have the ability to create communities based around shared interests, like games, genres, and more. Communities include a message board with general discussion, screenshots shared by players, and the ability to join parties / games.

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(via PlayStation)