Who's heard of XBMC?
I've been using this program for a while, you can watch every movie, tv show, sports, etc on it for free. I'm using it on my iPad and Mac. There's a lot of information at their site: http://www.xbmchub.com/ it's good stuff.
Well, movies and tv shows are free if you install some addons like 1channel...
New movies are actually screen captures with not very good quality... But if you can't wait...
You have to hack your AppleTV to get XBMC on it...
Can I have it on my iPhone without jailbreaking it?
XBMC with the icefilms add-on is amazing. Never need to rent or buy DVDs again. New movies are available fairly quickly.
I just installed it to my Android phone as well.