While the PlayStation 3 is more than capable as a Blu-ray player, its lack of support for DTS-HD has been a major complaint among home theatre enthusiasts. These complaints haven't gone unheard as Sony will be adding support for DTS-HD in the next system software update.
I have more good news to report today - the system software update will also add DTS-HD Master Audio output for Blu-ray videos, which means the high-definition visuals of Blu-ray will now be matched with the highest quality audio for the ultimate movie-watching experience on PS3.

DTS-HD Master Audio is literally bit-for-bit identical to the studio master recording and makes movie soundtracks and sound effects truly come to life. The technology delivers audio at the incredibly high rate of 24.5 mega-bits per second (Mbps) on Blu-ray disc, which is significantly higher than standard DVDs. DTS-HD Master Audio also offers 7.1 audio channels at 96k sampling frequency/24 bit depths, so you’ll be totally immersed in the sound. The firmware update will add DTS-HD High Resolution Audio as well, which is a similar output technology that requires less disc space. You can read more about both codecs here.
Support for DTS-HD isn't the only new feature in the 2.30 firmware. This update will also give PS3 owners the ability to access the revamped PlayStation store. Full details can be found here.