Sony launched at the E3 2008 a video download store on the Playstation network that is only available in the United States. Sony will start rolling out PlayTV in Europe starting September 10th. With PlayTV you can record TV programming yourself on the PS3 - better than nothing.

Sony announced PlayTV one year ago at the GC 2007 in Lepzig. PlayTV will therefore launch over one year after the announcement.
The PlayTV accessory has two digital tuners and allows recording during game play. Apparently PS3 firmware 2.41 introduced that capability already. I wonder if this will work with all PS3 games as new titles take more and more full advantage of the CELL chip.
PlayTV for the PS3 is expected to retail for 99 Euro (~$156).
Via EuroGamer.

Maybe Sony will find a way to also offer movie downloads for Europe. It would be so easy, just remove the geo block and let Europeans use the U.S. Playstation Video Store.