We've brought you the rumours, the news that it was coming, and can now tell you just when you'll get it - Sony has just revealed that 2.40 is coming on 2 July.
Sony says the new automatic firmware upgrade for the PlayStation 3, which will enhance online gaming functionality, "delivers several features most requested by gamers".
We should cocoa - firstly, the 2.40 enhancement allows XMB (XrossMediaBar) access in-game. This means that you can access the PS3 menu at any time while playing most games, simply by tapping the PlayStation button on your controller.
Also with 2.40, you will be able to check if your friends are online (you'll be able to have up to 100 in your list with the update), read and send messages and change some settings for games, all without having to quit the game you are playing.
While you obviously can’t pause an online multiplayer game involving other people, you can rejoin play at any time when you’ve finished browsing.
As we've reported, 2.40 also delivers trophies to recognise players’ achievements in the online arena. Many online games will have gold, silver and bronze trophies – with platinum available for those who bag all three – all displayed on the XMB for everyone to see.
Super Stardust will be the first game to offer out trophies, with games such as NBA 09, Resistance 2 and Buzz! Quiz TV among others to join in in the the near future.
The 2.40 enhancement will be available from 2 July and will be free to download.