about the blu ray to psp thing
they say the ps3 won't actually rip and convert the movie.. the movie will be pre encoded and included on the blu ray disc and will simply copy the mp4 to your MS via the ps3 and you can play on your psp... i guess that's quicker then ripping though the ps3 should be able to encode rather fast... i just hope they do make perfect quality video at low bitrates like i can.. id rather it rip and encode so you could have some kinda settings instead of "you get what wee give you"

actually i bet if you get a blu ray reader for your pc you could copy the file on your pc and not even need a ps3 unless they do something so you can't do it like that