Sony is preparing to launch VidZone, a free music video streaming service that will exclusively hit the PlayStation 3 this Summer. It'll be integrated into the XMB menu and will allegedly feature thousands of videos that won't cost a single thin dime to watch.

The bigwigs in charge claim that VidZone is "backed by several Major record labels as well as thousands of Independent labels", and will be available in the music section of the PS3's XMB menu. Users will be able to compile and save their own video library, which will feature custom playlists that can be stopped, skipped and rewound at leisure. PSP owners will be able to create these playlists on their handhelds as well, which will then be streamed on the PS3.

VidZone CTO Michael Russo says that VidZone will be "one of the world's largest collection of music videos, allowing consumers to stream what they want, when they want it."

This actually sounds really amazing, provided they get a wide variety of music and not just a load of SugaBabes and Girls Aloud bullsh*t. Stream me some nineties Eurobeat videos and this is definitely one feature I can happily get behind.

Well done Sony. You're really starting to make non-stupid decisions lately.