In preparation for the launch of the PS Vita in Japan, a new system software update v4.00 will be released this week. The update will prepare the playStation 3 to serve as a content management device.
It will allow users to cover their media content such as games, music, photos, and videos between the PS3 and the PS Vita, back up PS Vita save data to your PS3 hard drive and update the system software for your PS Vita system using the network features on your PS3. The v4.00 firmware update also adds the ability to upconversion for BDMB format files on Blu-Ray discs.
Via PlayStation Blog