There are several companies working on the technology to enable folks to watch TV on their cellphone, but the Pyramid recorder looks like a simple, new approach. You hook the device to your TV, record up to two hours of video onto a 128Mb SD card, then pop the card out and plug it into your high tech phone.
If this device is easy to use, I could see it being the perfect thing for a subway commute. I'd grab my favorite news or comedy show from the night before, have it automatically dumped to this card each morning, then watch that on the way into work.
There's no mention of security or DRM, but it would seem that shows on cards could possibly be stored on PCs and likely traded. I wonder if a device like this could create a massive community of folks sharing tiny stamp-sized videos of shows.