This just off IGN

http://ps3.ign.com/articles/889/889810p1.html

It seems they have a lot better collection then XBL, check out the partner movie studios : Fox, MGM, Lionsgate, Warner, Disney, Paramount and Turner

Few of the movies available for download: 3:10 to Yuma, Reservoir Dogs. The Eye, The Terminator , SuperBad, Spider-Man, Rambo, Cloverfield, The Bank Job, Spiderwick, Naponlean Dynamite

$1.99 for standard rental, $2.99 for HD rental

Movies can be transferred to PSP :)

nice

this was announced at e3 it's launching today

Prices are a little off:

TV Shows:
-------------
$1.99

Rentals:
-------------
SD - $2.99
HD - $5.99

Purchase:
--------------
SD - $9.99 - $14.99
HD - TBD

This is XBLM for comparison:

TV Shows:
--------------
$2.00

Rentals:
--------------
SD - $3.00 - $4.00
HD - $5.50 - $6.00

Purchase:
--------------
Not available

Figures came from Joystiq and are subject to change.  Just a quick rundown though.

F that I can download them for free off torrents and port the over to a ps if I really wanted to.

I'm glad I just ordered a nice 160GB harddrive (I know it's not huge in GB, but it is a 7200RPM which uses the same power as a 5200 and has 16MB of Cache.)

Ok my bad. So that means prices for movie rental are about the same in XBL and PSN. Now we have to look at the movie lineup that Sony provides. I have a feeling its going to be way better then XBL :P