The PS4 System Software Update 1.70 has been dated for April 30th in North America by PlayStation.
The update will bring with it SHAREfactory, HDCP off and the ability to play as soon as a game is released.
Here is what PlayStation had to say,
The 1.70 update adds features to build on this idea and make it faster to play the games you pre-order with an auto pre-download capability, which allows you to pre-download your select pre-ordered game up to several days prior to release. If you have the auto-download feature enabled, it will automatically pre-download your pre-ordered game so you can play as soon as the game is unlocked on release day.
Take a look at the official announcement tweet below:
Confirmed: PS4 system software update 1.70 lands in N. America April 30th! Brings SHAREfactory, HDCP off, much more: http://t.co/jmnZdXuCsJ
— PlayStation (@PlayStation) April 25, 2014
Source: PlayStatio Blog