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You're allowed to keep the content on one system, and you can move it to up to three PSP systems, but if you have to delete the content for any reason, it's gone? Sort of. Lincoln Davis, who handles media relations for the PlayStation Network, told Ars that you are in fact allowed one extra download, but you have to contact Sony. "If a consumer deletes a purchased movie from their PS3, they will not be able to redownload the movie without assistance from SCEA's consumer services," he told Ars. "Consumer service can issue a redownload as a one-time courtesy, as provided by our guidelines, for the title to allow the consumer to go back and download the movie from their PSN download list."
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PlayStation 3 video DRM: two strikes and you're out

ouch! maybe thats why the 360 doesnt give you the option to buy movies.

Now a huge HDD is a must.
What's up with this? Is this supposed to prevent piracy or something? Please...you're only encouraging it by making it harder. If they would just remove the DRM on stuff people wouldn't pirate as much cause it would be just as quick as paying for it. Now it wouldn't stop piracy but it wouldn't encourage people having problems with the system to switch to pirated copies of stuff.
Now PC gamers will have PS3 Movie watchers on their side about DRM.
We aren't just whining, this **** is serious.

I'll propose 2 options...

option 1: Download a movie from a PS3. You have 2 dls max, you pay somewhere between 20-30$ for it.
option 2: Download a movie off the internet. Unlimited downloads, free. Risk of virus.

In all honesty, option 2 sounds better. I'd risk a virus over having *my* possession stolen from me.

Businesses needs to get their **** together; stealing from their customers will only make more people steal from them.
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