The site offers movies in varying levels of quality, with the lower resolution movies starting at $1.99 and the highest resolution movies (DVD-quality) topping out at $4.99. If it sounds too good to be true, it probably is. Use at your own risk because the legality of this service is similar to Allofmp3, which got shut down.
Movies are preformatted for your iPod, PDA, and/or big screen but it’s a crap shoot as to whether or not the movie you want is available in a particular format. It’s not quite as evolved as Allofmp3.com’s on-the-fly file encoding…yet. We’ll be watching this one like a hawk. I can almost hear the faint shuffle of the assembling army of lawyers.