The Playstation message boards have revealed that the March issue of PSM will tell us some juicy details about the PS3 and its capabilities.

Among them, the PS3 will have DVR functionality using the PSP like a remote control, serve as a Location Free Player for the PSP (meaning you can watch DVDs, Blu-Rays, and downloaded video files from your PS3 wirelessly through your PSP), feature an iTunes like download service for media and an Xbox Live killer for games, as well as Media Center like capabilities complete with firmware updates.

Best of all - the final dev kits are going out ahead of schedule and developers are being told to prep for a fall release. Start saving those pennies now.