That's only true for games. TV shows (and possibly movies, I didn't try that) can NOT be downloaded again. That is by Sony design. If you lose them, they're gone.
Is that an educated guess or do you KNOW of a way to play them if I had the root key?
This wouldn't be such a big deal if I could watch them on my computer. But transferring off the ps3 with a flash drive, backing up to the computer, then when you want to watch again take off the computer, restore to the ps3... it's a giant pain in the rear.
Hey can you watch itunes bought videos on your ps3? or amazon bought? maybe it would be better if I got my episodes there. You can still watch itunes/amazon content on your computer right?
If you have you root key you have 2 options 1 just hock the HDD to PC decrypt it and go 2. Get a DEX and use Traget manager's FTP and just copy it to your HDD. 3. Get a BIG external HDD and copy films there (1 TB works fine for my PS3)