Sony has expanded on its announcement in a PlayStation Blog post. The company says to think of Share Play as a “virtual couch” allowing for “an online local co-op experience” that doesn’t require your friend to own the game in question. It also highlights the fact that this is the realization of the previously announced feature allowing a friend to take control of your game; if you’re having trouble with something, you can have someone remotely take over and help you through it.
Also coming in the 2.0 update is a dedicated YouTube app, real-time activity feeds in the What’s New section, customisable themes (finally!) and more that’s still to be announced.
The 2.0 update is scheduled for release sometime this fall.