In an addition to my greedy hollywood rant below, I stumbled across Sony grossly underestimating the potential damage the iPod video will have to the PSP. Since the PSP doesn't have enough games worth buying it has relied heavily on its multimedia functions. The problem with those functions is your limited by the size of the very expensive memory cards. Well, the iPod video basically makes everything the PSP does moot. Even worse, iTunes will likely do to video distribution what it did for music. If Sony has any brains the very first thing they will do if update the PSP to play all Apple formats stat. At least that way it can try to get some of the pie, even if only an itty bitty bite.
Also for those, like me, that are getting the iPod Video, here is a link that shows how to convert DVDs to a usable format. By the way, since iPod and PSP both play the .mp4 video format, whatever method people use for the PSP will work the same for the iPod.
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