"We recognize that some gamers want to record and share longer clips of their gameplay sessions, and we're excited to deliver this option with PS4," wrote SCEA's Scott McCarthy. "There's a lot more coming in this update as well, so stay tuned for more - there will be plenty in the update to excite everyone."
As for gameplay streaming, Sony is also upping the resolution on Ustream and Twitch streams to 720p in a separate, future update. McCarthy also reiterated Sony's plans to bring Twitch archiving to the PS4 in that future update, but didn't provide a timeline for when users can expect it. He did note the 1.70 firmware is due "in the upcoming weeks."