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Sony brings video to PSP, again

After the unsurprising failure of the proprietary UMD video format, Sony is attempting to bring video in another form to the PSP. The company has announced it will launch an online service that will allow users to download movies to their PC and then transfer the files to the PSP. Apparently Amazon, Movielink, and CinemaNow are interesting in signing up with Sony, but there's no word on how the service will actually work. Will this development have any impact with all of the other portable video options already out there?
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