We knew about it before, but it was officially revealed at Sony's E3 press conference today...and best of all, this excellent and appealing service won't be available later this year, or a few months from now, or even in a few days: it goes live tonight.That's right, movie and TV fans, the downloadable movie service for the PlayStation 3 is ready to go this evening, according to Sony's Jack Tretton. Most all the big movie studios - MGM, FOX, Sony Pictures, Disney, Warner Bros., Paramount, Lionsgate, etc. - have already signed on to be part of this revolutionary electronic delivery service. As of tonight, you will see a new tab pop up on the PlayStation Store; it's a Video tab, and when there, you can browse all the movies that are currently available for download. You can get most of them in both standard and high-definition, and you can either rent them or purchase them outright to be permanently stored on your PS3. Prices for renting and buying range from $2.99 to $14.99, and as for download times, the Network's Eric Lempel said it will take "about one hour" to download a two-hour standard-definition movie. Television shows will be coming soon as well, but that's not all...
Like much of the content you can place on your PS3, this content can also be transferred to the PSP for viewing on the go. Want to watch "Napolean Dynamite" when heading out for a long trip? Download it to your PS3, shift it to your PSP, and you've got it made in the shade. We don't need to tell you much more, 'cuz you can see it all for yourself later on today! (Source PSX Extreme)

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