No, this form of launching won't allow you to group up with friends in Home and jump into a game of your choosing as a single, conglomerated entity. Rather, it lets you ... well, launch your games without having to return to the XMB. It was a wise choice to cut the middle man out of the game-booting equation, but it seems for the "full" game launching experience, Sony's going to have to add that functionality one title at a time.
Also added in the update is an in-game camera, in-store item previewing, new categories of clothing, new emotes, new spaces, and whole lot more. Check out PlayStation.Blog for the full scoop on the update.
PlayStation Home patch 1.3 adds universal game launching ... kind of originally appeared on Joystiq Playstation on Wed, 30 Sep 2009 16:45:00 EST. Please see our terms for use of feeds.