System software update 4.92, as the update is so elegantly titled, requires only 200 megabytes of space on either the disk ... drive that’s formatted to FAT32, and create a folder named “PS3”.

Sony says the update only requires 200MB of free space on the PS3's disk drive or a removable storage device, like a USB stick. Aside from updating the encryption key, Sony states the update ...

The latest software update brings the PS3 to version 4.92 with improved system ... allowing users to continue using the disc drive. Sony has surprised gamers by releasing a brand-new system ...