Sony just made the PSP a must buy item for me:
Sony demonstrated how you could put a Blu-ray Disc movie into a Playstation 3 and copy the film to a Playstation Portable or a Memory Stick. “This way, you can have a portable copy you can take with you,” explains David Bishop, president of Sony Pictures Home Entertainment.
“There was always the promise of greater interactivity. You’ll see that coming in the new year,” Bishop added. In addition to the PSP copying example, Sony also demonstrated how you could download ring tones and new content to a BD Live player, using Men in Black as the example.
BD Live is proving to be a big catchphrase at the show: Panasonic announced its BD Live player yesterday, Fox showcased an early version of its Alien vs. Predator multiplayer game at the Blu-ray Disc Association’s booth, and Sony showed its interactive Men in Black trivia game. The game was being played by two people in two locations on a Playstation 3.
Being able to do Remote Play of games and videos on the PS3 through your PSP over the internet was already pretty damn cool, but this just doubles the value of having a PSP as a portable media device. Which can’t hurt as it’s traditionally been somewhat of a pain in the ass to get media onto the PSP.
I recommend “xvidforpsp”...great free video converter for PSP/PS3. It creates mp4’s and avc files, fast and works great, constantly updated by the author Winnydows. This Blu-Ray converter thing is good news though. I was considering making shaky home video cam footage movies of my Blu-Rays for my PSP lol. Won’t have to do that anymore. I expect the PS3 will handle the conversion quite quickly, power of the cell and all that. Source material is 25 to 50 GB though.