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Wow! So you can watch your HD movies on an itty bitty screen that isn't in HD. Sweet! And all for the price of an expensive memory stick and a BD movie!

-edit- And just to pre-empt the hating, this isn't a bashing of Sony or the PSP, I just hate tiny movies.  Also, I coudl be wrong about this, but don't you lose the awesome HD-ness of BluRay when you shrink it down to PSP size?