To fix any problems that arise, Sony will allow users to change back and forth between their original and new ID at any time. You can change your Online ID as many times as you want, but much as with Xbox only the first change is free - it'll cost you $9.99 USD/CAD or your local equivalent after that. For PlayStation Plus members, it will cost $4.99 USD/ CAD after the first change. Australian pricing has not been confirmed yet.
When you change your online ID, you will be given the option to also display your old one along with your new ID so that your friends will be able to recognize you.
There is a catch in the fact that the name change is compatible with all games published after April 1st, 2018, and "a large majority of the most-played PS4 games that were released before this date".
Now, at long last, PSN will fall in line with virtually every other online service you can think of and let users change their name.
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Once the update goes live to the PlayStation Preview Program, you will be able to change your online ID through either the Settings menu or Profile page of your PS4.
Unfortunately, enrollment for PlayStation beta testers is now closed, so you can no longer apply.
If you're already in the PlayStation Preview Program, you'll be able to try out the PSN name change feature "soon", and keep name-swapping away through the end of November when the preview is scheduled to end.
You'll have the option to revert to your old name if you do have issues, but Shuman's exact words are that this will solve most issues. PlayStation is making it clear not all PS4, PS3, and PS Vita games are guaranteed to support the feature, so users might see issues or errors in certain games. Are you excited to be able to change that (admit it) slightly embarrassing gamer tag? There'll be a short wait after that, with the feature set to officially roll out for all users sometime in early 2019.