Agreed. I'm not trying to argue that piracy is some how the 'right' choice. I'm just saying where, personally, I see a large part of it stemming from. I honestly believe that if companies offered their products in ways that were easy to use, convenient (see: Steam), and were reasonably priced, we would see huge drops in just how much piracy actually occurs. Not to say it would solve the problem entirely, of course not, but you would probably see more Average Joe's watching it on Netflix rather than downloading it illegally, simply for the convenience. As it is now, it's much more convenient to stream or download a movie illegally than rent it, and very few people are willing to buy a DVD for a movie they may only watch one time, ever.
Looking at your PSP example, I wonder how differently things would have panned out if support had been focused on the PSN rather than on UMD right from the start. It's quite possible that things would have ended up the same, but my gut feeling tells me there may have been more success for the PSP.
One of the big things I want to impress is that it's not as though illegal downloads are my first stop for everything. I've never downloaded a game illegally (aside from, debate-ably, some ROMs for games which I already owned). I maintain a Crunchyroll, Netflix, and Funimation account monthly, even when I'm not getting much use out of them, in an attempt to support industries that I love. I try to find other ways to affordably access what I'm looking for. If that doesn't get me what I want, then yes, I will pirate it. I am not interested in overpaying for something when I can get it free. I admit, the moral choice would be to boycott rather than pirate, but I am not a perfect person, and I don't want to wait to watch a show I like because Studio X wont pull their collective head out of their ass. Am I in the wrong? Very probably. Are they also in the wrong? Hell yes they are.