No this isn’t one of those lame adverts you’ll probably find on many PSP websites.

PSPSpot brings you the scoop and tells you how it works:

Video Vault for the Sony PSP allows you to import DVDs , VCDs, SVCDs, analog/digital camcorder tapes — Imports AVI, Mpeg 1, Mpeg 2, Mpeg 4, ASF, WMV, DVR-MS, and even TIVO. With a DVD title you can import the entire disc, specific chapters, select language tracks, and even include subtitles.

You can download a trial version of this program by clicking “Visit Site” below