I'd give it another go before I make my decision on one, very poor, film.
Additionally, I'd get your mate to check he hasn't turned the sharpness of the image on the tv way up as this can cause JPEG-esque blocky artifacts to appear.
You loose the UMD so you loose access to all the cheap used games
For those too lazy to click the link, or limited net access like me, Sony are planning on releasing a tool that will let you copy your UMD disks to the new PSP Go.
If you want to share your thoughts on what should be in the new terms, check out our group Facebook Bill of Rights and Responsibilities.
"Most of us, when all is said and done, like what we like and make up reasons for it afterwards." -- Soren F. Petersen