: Working with psb in a psd EDIT: A Big update on this topic is presented with PS CC 14.2! Now you can have linked smart objects, it works like in InDesign. Just go to 'File → Place Linked'

@Gail6891361

To Complete and answer my own question here is the update from last year:

Big update on this topic is presented with PS CC 14.2! Now you can have linked smart objects, it works like in InDesign. Just go to File->Place Linked… and choose your .psb file.

This is the promo video from Adobe.

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@Berumen635

Unfortunately, no.

There are numerous methods to import PDFs, AIs, other PSDs, PSBs, etc., but the "best" result is that imported objects are converted to "local"1 Smart Objects.
@Johannes : the File → Place command converts the placed file into a Smart Object embedded in the current file. Updating the original PSB/PSD does not update files that have placed it. For whatever reason, the CS3-4 documentation does not mention this conversion but Adobe finally made this correction in the CS5 documentation.

1: By "Local" I mean the Smart Objects are saved in the file itself and become unique to the file in which they are saved

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