Sony officially announced Blu-ray-to-PSP movie transfers at CES this week. Pop a Blu-ray movie into your PS3, jack in your PSP and download to the portable or a Memory Stick for keeps.
Source: http://gizmodo.com/341938/sony-blu+ray+to+psp-movie-transfer-gets-official
And how it will work: http://gizmodo.com/342980/everything-you-wanted-to-know-about-blu+ray+to+psp-movie-transfers
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