I love watching movies with friends. Tonight I saw Hugo, the Academy Award winning movie. It was perfect for SL, because of the clockwork theme and Victorian time period. It was very much like the many Steampunk sims we like to explore.
I had never seen Hugo and wanted to, so this was very nice. The quality is certainly not as good as a DVD would be on your television, but it's good enough for me.
This is in my current SL house on Timbucks. Come by and watch a movie whenever you like. I have 6 titles. Enjoy.