I downloaded the update on to my NEX-5 which adds a peaking function to assist with more precise manual focusing and
Picture effect mode which features:-
Partial Colour - Creates the colour either Red, Green, Blue, Yellow and converts the others to black and white.
High-Key - Creates the look of a old photo with soft colours and reduced contrast.
High Contrast Monochrome - Creates an image with high contrast in black and white.
Toy Camera - Creates the look of a Toy camera photo whith shaded corners and pronounced colours.
Posterization (colour) - Creates a high contrast, abstract look by heavily emphasizing primary colours
Posterization (B/W) - Creates a high contrast, abstract look in black and white.
Pop Colour - Creates a vivid look by emphasizing colour tones
Retro Photo - Creates the look of an aged photo with sepia colour tones and faded contrast.