In the last 3-4 days several users have reported to receive an OTA (over-the-air) update for their Sony Ericsson Xperia Play smartphone on Verizon Wireless network.
The update comes with as version number 3.0.1.E.0.88 and brings a few improvements and/or minor changes like Swype, eBooks, Media Server but no Facebook in sight!! Please check for this update OTA from your Menu go to Settings > About phone > Check the update! Please report back with comments or impressions about this new update.
source Verizon Support Forums