hi...
i dont know about burning.. maybe, but you have to watch out for it becoming illegal rather quickly on what you download and burn. but whether or not its region free when Blu-Ray is concerened.. im not sure.
i have a feeling that ive heard somewhere that Sony will be doing a VOD (video on demand) service at somepoint.. but you will have to pay for it.
hope thats answered some thing.. theres better people here that know about this stuff, they should post later.