Most of us like watching movies, and the Sprint TV, although helpful, does not cut it for those who want more. But according to the New York Times, we Pre owners are about to get a chance to rent movies right on our handsets.

According to NYTimes, mSpot, a five-year-old mobile entertainment company based in Palo Alto, California, will bring full length movies to owners of 30 different high-end phones, including the iPhone, Palm Pre, BlackBerry Tour and Storm, on all four wireless carriers. Mobile phone users will now be able to enter m.mSpot.com into their phone browser for the pleasure of streaming the movies they want.

Movies will be available a few weeks after they become available on DVD, just as the pay-per-view movies are. The Movie Rental service will cost $4.99 per movie, and you get to watch them from 24 hours to 5 days after they’re rented. I think $5 a pop is to expensive, but I bet there will be those who won’t mind the price.

[Via Precentral]