Update: It appears the update will not be released on 4th November, but rather this is the date we can expect to know more information.
Nintendo promised a major 3DS system update next month, and it seems the new features may make it sooner rather than later, with a new report pointing to a 4th November release date.
According to the Twitter account of freelance writer MasterOtenko, last night Nintendo of Europe held a press dinner where new details of the update were revealed.
The update is pegged for 4th November with a new StreetPass game in tow, though no details were revealed of what the game will be.
Nintendo is making an online presentation on Friday, with more details on the update promised. Stay tuned for more.