This article was originally published on Gaming Horizon, GameBump's predecessor. Certain formatting, imaged, and embedded content may have been lost in the transition process.The original author is Matthew Call.

The March issue of PlayStation Magazine reveals new information on Sony’s upcoming PlayStation 3. According to the article the PS3 will have an online service to rival Xbox Live, work as a DVR (Digital Video Recorder) to record television broadcasts, and will also act as a Location Free player for the PSP. This will allow PSP users with broadband internet access to watch television and movies streamed from their PS3 to their PSP anywhere in the world.

In addition to the surprising multimedia features, the PS3 will also have an online download service similar to iTunes which will allow PS3 owners to download high definition videos to their PlayStations. The article goes on to mention that several titles are already in development in the U.S. and that a North American release for the system will likely occur this fall.

The full article can be viewed in Sony’s PlayStation forums.