Lazy, warezing, PSP hacking people of the world, this product is for you. It is a Memory Stick Duo video recording device. Rather than dealing with the hassle of video conversion and file formats and codecs just stream the video directly to your Memory Stick Duo. Four quality options are available. They range from 150 minutes of the highest quality to 1070 minutes of the lowest quality on a 1GB stick. Price will be around $105, but unfortunately the outlook is grim for a United States release. Japan only folks.
Memory Stick PRO Duo Video Recorder [PSP 411]