PS3 3.40 Firmware info

If you want to save a few quid, order a couple of £20 PSN cards online instead. £35.70 instead of £39.99, nice little saving.
 
IRT the video editing, has anyone given it a test yet?
I hear that it saves the edited video at a fairly low res, I'd like to know for sure before I end up ruining an entire season's worth of PlayTV recorded MOTD highlights!
 
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