Problems updating to 4 01
Update using a disc Use an update file contained on a game disc to update the system.Update using a computer This update method can be used if your PS4™ system is not connected to the Internet.
Update using the Internet Use your PS4™ system's network update feature to update the system.
Always update your PS4™ system to the latest version of the system software.
By updating, you can enjoy additional features, improved usability, and enhanced security.
While this may sound intimidating, rest assured that as long as you back up your device before doing the restore, things should go much more smoothly than they did when trying an update.
My Virb edit software updated today and now will not take snapshots of video (just closes the whole application down) and reports an error when trying to export video.