Next March has been hinted as the release date for the first substantial firmware upgrade on PlayStation 3, which Sony President of Worldwide Studios Phil Harrison apparently confirmed to those who attended a meet-and-greet with the man coordinated by Sony-funded blog ThreeSpeech.
According to the attendee, XMB multi-tasking (to what extent, however, is unknown -- can we browse the Internet while downloading a demo?), new XMB display options (a fix for the scaling issues?), new animations for audio playback, new photo album options, PlayStation Store auto-resume and a PSP Remote Access option to access PS3 content via any Internet connection are all on the table.
Sony also plans to incorporate Tivo-like features into the machine sometime in the late summer/early fall of next year.