Sony has yet to detail the update itself, but Eurogamer has obtained a copy of the update's release notes.
Other top-line changes include an overhaul of your console's master/sub account system, the ability to follow any user, and the addition of notifications to the PS4's quick menu.
Twitch streaming at 1080p 60fps will be limited to those with the 5.0 firmware update using a PlayStation 4 Pro. You can already use a Pro for 1080p Remote Play and Share Play.
As of 5.0, you will be able to follow anyone's account,similar to the system on Xbox One. Currently you can do this just for verified accounts of note, such as the official accounts for games, and some individual developers and YouTubers.
Next, update 5.0 will give an expanded range of options for those who have "sub" or child accounts on their home console.
Lastly, with 5.0, system notifications will be visible from your Quick Menu so you don't need to head back to your Home screen. You will also be able to check the status of your uploads/downloads here too.
More minor changes include push notifications for events, spectator comments on screen while broadcasting in VR mode, the ability to link broadcasts to a PlayStation Community, and support for seven more languages: Czech, Thai, Greek, Indonesian, Vietnamese, Romanian and Hungarian.
Behind the scenes, Sony will add support for bundle and compilation discs, with or without add-ons, and discs which support games and add-ons (such as in a Game of the Year Edition) which don't need developers to rework any code.
If I don't get in because of that Sony trying to be greedy. I participated and gave feed back in all of their BETAs.
