Well, those darn evil people at Sony have become...the first company to provide a legal method to rip movies?
http://ps3.ign.com/articles/843/843979p1.html
January 7, 2008 - Now, your Blu-ray library can follow you wherever you go. According to an article from PC World, Sony demonstrated the ability to insert a Blu-ray movie into a PS3 and then transfer a copy of that movie to a PSP or a Memory Stick at its booth at CES. Highlighted as the next level of disc copying, this was merely one part of the new "BD Live" functionality, which will include the ability to download ring tones and new content to BD Live players.
According to David Bishop, president of Sony Pictures Home Entertainment, "This way, you can have a portable copy you can take with you. There was always the promise of greater interactivity. You'll see that coming in the new year."
We tried to contact SCEA, but they were unavailable for comment at the time of publication of this article. While there was no estimated time that consumers would see this new function, it could make 2008 a very entertaining year for PSP and PS3 users, and further strengthen Blu-ray in the format war.
I'm curious about the formats; will it be an MPEG-4 file that will play on an iPod too? In all likelyhood I'd expect that movie companies wouldn't let them get away with it if they don't wrap the output file in some kind of DRM, but it is still absurdly cool that you can finally rip a Blu-ray movie and toss it on a PSP.
I applaud Sony greatly for this.
Now let's see Apple get this in iTunes
