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Following the problems with v2.40, you would imagine that Sony has been fairly careful in making sure that this minor update does not break thousands of PS3s but that isn't going to stop people advising users to wait a while and let someone else try things out.
The update deals with software playback, and looks to be a bug fix rather than adding any new functionality.
Heads up
"Just wanted to give everyone a quick heads up that a PS3 firmware update (v2.42) is now available for download," said PlayStation Network operations director Eric Lempel on the official blog
"This update improves the playback quality of some PLAYSTATION 3 and PlayStation format software."
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