Joystiq reported yesterday that the much talked about PSP download service will in fact become a reality upon launch of the PS3 in November.

Seems you will be able to download content such as old PS1 games and video right onto your PSP via your PS3, a Wi-Fi enabled PC or wireless LAN.

I'll admit, the the idea of being able to play Jumping Flash! or Parappa on my PSP is quite titillating

Check out the Joystiq report HERE.