> The idea of shrinking movies down
> to watch on screens that I can fit into my pocket seems unappealing for a
> such a visual medium.
I've found it depends on the work of art. Lots of media survive the transition surprisingly well - anime, documentaries, music videos, interviews, TV shows and videogame walkthroughs are fine. But colors and motion do get washed out, so epics like "The Return of the King" are best reserved for widescreen Bluray. (That said, word on the street is Sony is working on a future handheld with a crystal-clear screen, capable of near-Bluray fidelity).
One of the interesting side-effects of portable media is that you have a miniature playback machine in your hands. On the PSP, you can speed up or slow down the screen, fast forward, zip from music to image to video, listen to a podcast, etc. It opens up and democratizes media texts in interesting ways.
-- DRR