PS4 system firmware 5.05 released

Sony released new system firmware for PS4 console-5.05. What is new of version 5.05 and should we update our PS4 to the latest firmware version?

What are the new features of version 5.05? PS4 5.05 updates improves system performance.

Should we update our PS4 to the latest firmware version? Currently we do not know if version 5.05 patches the private 5.03 Kernel Exploit. Please do not update your PS4 or you’ll lose the ability to exploit, jailbreak and brag on Twitter about running free PlayStation 4 games, emulators and homebrew to boost e-peen.

If you do not want to access PS4 exploit, you can update your PS4 to the latest version 5.05. Then how to update PS4 to 5.05?
Select [Settings] > [System Software Update] and click ‘Next’ and then ‘Update’

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