Wrong. Today I got this email (see below). It just goes to show that with DRM, there's little limit to the evil that can be done to you:
As a valued Google user, we're contacting you with some important information about the videos you've purchased or rented from Google Video. In an effort to improve all Google services, we will no longer offer the ability to buy or rent videos for download from Google Video, ending the DTO/DTR (download-to-own/rent) program. This change will be effective August 15, 2007.
To fully account for the video purchases you made before July 18, 2007, we are providing you with a Google Checkout bonus for $20. Your bonus expires in 60 days, and you can use it at the stores listed here: http://www.google.com/checkout/signupwelcome.html
.The minimum purchase amount must be equal to or greater than your bonus amount, before shipping and tax.
After August 15, 2007, you will no longer be able to view your purchased or rented videos.
If you have further questions or requests, please do not hesitate to contact us. Thank you for your continued support.
The Google Video Team
1600 Amphitheatre Parkway
Mountain View, CA 94043