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Just in time to usher in the holiday season, the PlayStation 4 is receiving a fresh system update, moving Sony's latest console to the nice, round figure of 5.0. While there aren't any major changes in this particular update, it adds a handful of tweaks that folks are likely to appreciate.

The news went live over on the PlayStation Blog today that the PlayStation 4 was moving on up to update 5.0. Those round figures are usually reserved for more extensive overhauls but, this far into the console's life cycle, it doesn't look like the team was looking to implement any major adjustments. Instead, we've got some improvements to tournament play, broadcasting, messaging and even family management.

First up is the Team Tournaments functionality. With this update, you'll be able to join your friends in order to square off against other teams of players to earn "prizes and status." This functionality will officially go live on Oct. 5 with competitions set up for Uncharted 4: A Thief's End, Uncharted: The Lost Legacy, World of Tanks and Mantis Burn Racing. More events will be scheduled in the future, but that should be enough to get the system rolling. Players can be a part of up to 60 teams of friends, and you'll need to register for events in those specific groups.

Another interesting new feature being added with 5.0 is the ability to follow anyone on the PlayStation Network, assuming they've got their privacy settings open to such things. In other words, even if you aren't friends with the person on your PS4, you can still keep up to date with their ongoing activity. This seems custom made for streaming personalities. Rather than those folks having to befriend anyone who wants to follow their content, they can now open up their activity to anyone who wants to look in on the action.

Another nice little tweak being introduced with this latest update is the inclusion of previews in links. If you send someone a message with a link in it now, said link will include things like headlines and preview images as well. For those who are wary about clicking on questionable links, we imagine this will be a nice addition. Also, previews are just nice for knowing what you're receiving at a glance.

Those are just the highlights of the latest update so, if you're not too busy grinding through the weekly reset in Destiny 2 or battling for supremacy in Fortnite: Battle Royale, feel free to dive into the extremely thorough list of key features offered in software update 5.0.