I got the 2.50 update yesterday (I live in UK) and online play works fine so far. My only issue is that the Records have not been updated but I am now using the WipeOut Rankings website so not a major problem. It wont stop me playing anyway

I am hoping that I can cross play with some friends now as before the update I have been unable to connect with those who have already updated to 2.50. (like my friend NIJI_tr who is a hero!) But I haven't been able to test this yet.