Sony has a couple of newsworthy announcements in their aresnal, it seems, for E3. Not only are they announcing the PlayStation 3's price cut, but they've got news about a service that will allow users to download video and movie content, a lot like the XBox Live service.
There's not a lot of information on the service as yet, though rumors point to it being available for use on both the PS3 and the PSP, which is kind of dope. Do you not think it's dope? TheFeed thinks it is dope.
Kotaku.com: Sony's Other PS3 Announcement