According to this, TV shows recorded using PlayTV on PlayStation 3 can then be dragged off the machine as MPEG2 files onto any memory stick or PC.
"We've talked to our legal department about it," said Mark Bunting, a producer at Sony's Cambridge Studio. "All we're doing is moving it out of PlayTV and to the cross-media bar as if it was any other recording. So hopefully users won't do stuff they shouldn't do with it.
"If I'm prohibited from getting the recording off and storing it somewhere else because some other dude is making money out of selling it, then I'd rather they brought the law in to catch those people."
Sounds fine to us. We'll never, ever use this, but it's nice to know it's there.