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ckmlb said:

Apparently everyone missed Sony's other big announcement that will be made at E3 about the PS3: downloadable movie service. It's coming. Finally Sony is going to allow this like the 360 does, even though Sony is an actual movie company and should have moved a little quicker but no big deal.

http://kotaku.com/gaming/ps3/sonys-other-ps3-announcement-276245.php

I think that is exactly why they may not have moved quicker. Someone had to show how this service would be profitable while not deterring much business from home movie sales. They have to figure out a way to compete with MS but not themselves :)

And you know that music has to be on the way as well, streaming it to my PSP is awesome.