I'm not on the road much at all, and I love mine. I actually use it for movies as much or a little more than for games. It's great when killing time waiting for appointments and stuff like that. I make up excuses to go out for awhile so I can use it. It looks amazing, it's just huge fun, the wireless thing is very cool (they have free wireless at my mall now, so I can surf and check email there). I don't watch TV at all, don't even have cable, but if I did, the Location Free service seems like it would be pretty awesome.
I think even if you don't travel much it's great to have. Unfortunately UMD movies are pretty pricey (recently EB had a bunch on sale for $4.99), but you can't beat the quality. I've burned several of my own titles using DVD Decrypter and PSP9, and the quality is really murky compared to UMD. For some movies, I definitely think it would be worth $10 or $15 for a portable copy, if it's one you really like.
I say when the new one comes out in October, buy one. I probably will, and I just bought my current one in March.
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