If you have a Vita on 3.60, 3.65, or 3.73 and want the "hot" 3.74 experience, follow this safe path:
Ensure your Vita is plugged into a charger, as the update will not initiate if the battery is low. Final Thoughts
A major drawback is the removal of the ability to transfer content directly between a PS3 and a PS Vita via USB or Wi-Fi.
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