Lazerlazarus

Crys on ps4... we havent had an update in months

This is true, but the biggest PS4 update since the release of the game is in the works right now. Huge performance boosts and loading time improvements as well as a ton of content. We will most likely extend the summer event for PS4 due to that getting a late start in July.

Hurridium-PS2

Are both the event and the update going to be released at the same time?

Yes. So it will be a bit of a shotgun blast of content for PS4.