Sources close to Sony said the company will enter the increasingly crowded digital movie download market, competing with companies such as Apple Computer and Microsoft. And as with Microsoft's Xbox Live service, Sony's offering will be made available for a video game console, in this case the PlayStation 3.
According to reports, the Sony service has been in the works for about a year and a half and will go public in early 2007. It will include movies from Sony Pictures Entertainment, and will eventually include content from other studios as well. Additionally, the service will enable PS3 users to synchronize the movie downloads with PlayStation Portable (PSP).
Sony hopes the new service will help the PS3 better compete with the Xbox 360, which began offering TV and movie downloads in November. But the biggest share of the digital movie download market belongs to Apple, which provides TV, video, and movie downloads via the iTunes Store. Currently, Apple offers only movies from Disney, but other studios are expected to come on board in early 2007.
http://www.windowsitpro.com/Article/ArticleID/94608/94608.html
I remember Sony confirmed a video download service similar to YouTube..lets wait and see !