Here I just wanted to update all PlayStation 3 Users that PS3 2.42 firmware is out now and available, so go ahead and grab it right now. Here are the official words from PlayStation Blog.
Just wanted to give everyone a quick heads up that a PS3 firmware update (v2.42) is now available for download. This update improves the playback quality of some PLAYSTATION 3 and PlayStation format software.
Here is the direct download link for PlayStation Firmware 2.4.2