Instructions
Select the "Settings" icon on the PS3 main menu. A list of available options is displayed.
Select the "System Update" option from the top of the settings list. Select "Update via Internet" from the next screen.
Select "OK" on the next screen to download the most recent PS3 update from the Sony servers.
Press the "X" button on the PS3 controller again to begin installation of the PS3 system update. Do this after the download reaches "100%."
Go back into the "Settings" menu of the PS3 after it reboots and select the "System Settings" option, followed by the "System Information" option.
Verify you have updated the system by matching it with the downloaded update number. The Flash player on the PS3 is now updated with the fastest version available.