Codenamed Froyo, the newest version of Android offers some really great features. One is the ability to setup the handset to be a portable hotspot.
The update will be spread out over the week. You will receive a message on your phone's notification bar when your update is available.
Just download the update, wait for the it to install and you should be all set, Google said.
The update also enables Flash in the Web browser as well as many user interface improvements and features.