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The update is not yet mandatory in the UK, people spoofing 4.70 and think they are spoofing 4.75, you will see once it's mandatory in the UK SEN enabler will not work it will just tell you to update until EvilNat updates his tool.
Changing the PSNPatch cfg file spoofer from 0470 to 0475 will work once your prompted to update.
You can still get on PSN with 4.70.
Seems this update is optional.
Stop flapping it's a minor tweak.