Before you start getting overly excited, the app has been confirmed for the following countries when version 1.0 releases:
UK, France, Germany, Spain, Italy, and The Netherlands.
Not sure why the U.S. was not part of the first release, but Emmanuel Orssaud from EU PS Blog confirmed that the U.S. will get the app when version 1.1 is ready.
here is what the PlayStation App version 1.0 will bring to the table:
* Check out your PlayStation Network trophies and keep up to date with your
friends’ games and online status.
* Discover all the latest games, news and hardware for your PlayStation 3, PSP
and PlayStation 2.
* Read all the announcements on the European PlayStation.Blog.
* Share your favourite products or news with your friends on Facebook,
Twitter or via e-mail.
Perhaps Version 1.1 may be coming along side the Sony Ericsson PSP phone?
Read more about this story at the EU PS blog.