Yes yes. The update was great for the upscaling. And yet I've seen some go along the lines of "360 has had this for a long time. Who cares? Why do Cows hype an update instead of games?"
To put it mildy, having your PS2 library of games with the ability of having them upscaled is a huge bonus. I can see where Cows are coming from and why Lemmings are a tad confused about why they are so happy about that update. PS2 has a huge list of games that are fantastic. No it doesn't justify that $600 purchase but it surely is a huge perk if you're an HDTV owner. That's why no one really perks the idea of Xbox games. It doesn't have that huge list of quality of games like the PS2 does. Same said with the PS1 games.
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