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I doubt the MainConcept encoder will fall under the category of free, but if Sony provides even a relatively limited conversion package, that should be enough. It probably won't be fast though, the H.264 (MPEG-4 layer 10) stuff I've seen so far takes a pretty smokin computer to encode it quickly.
As for the memory sticks, maybe they really have lost their minds. I guess we'll see.
http://psp.ign.com/articles/572/572697p1.html
There ya go. Sony has released one in Japan for the PSP. Thats if you don't want to go through the hassle of converting your media yourself with freeware codecs. It costs 1000 yen, which means it will probably be $ 9.99 in USA. Seems fair, I wish it was free though.
They're charging for it? That's so lame. Like the PSP isn't expensive enough.
[quote author=Alexvrb link=board=PSP;num=1102160316;start=0#12 date=12/18/04 at 19:41:23]They're charging for it? That's so lame. Like the PSP isn't expensive enough.[/quote]
Just squeezing every penny out of us it seems ;)