I picked up my PSP last night at midnight and am very impressed. The system is fantastic. As most may know, the system also plays movies on Sony's UMD discs. My PSP came with a free version of Spider-Man 2 and I must say the quality rivals my $ 800 Toshiba portable DVD player. It is simply amazing on the 4.3 inch screen. However, there is one HUGE downside - the PSP screen ratio is 1.78:1 and the Spider-Man 2 movie (which I believe is 2.35:1) is cropped to fit the screen. I'm sure this is to avoid the "black bar" syndrome and I have a feeling that all movies released on the PSP wider than 1.78:1 will be cropped. Very bad business IMO. Anyone wondering about the video quality on this system should not worry. I really bought the PSP to play games, but now that I've seen the quality of the UMD video, I may pickup HellBoy and a few others.