Now that I have my Archos AV740 and have figured out what the magic words are to make ffmpeg convert my DVR video files into something that the AV740 can use, I am finding myself time shifting TV into times where I normally wouldn't watch TV.
So I'd say that mobile video is getting close to a breakthrough - technology-wise.
The problem is that the mentality of the media giants is still stuck in the stone age. Legitimate download sites are most likely going to offer their content in locked up, proprietary formats (like nearly all of Apple's stuff) which is unviewable on anything but their DRM-supporting, locked up, proprietary device.
As people have to deal with DRM-loving devices (like the people whose iPods' battery died too quickly) are finding out, DRM is bad for the consumer - always.
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