I was wondering if others have messed around with the Cinema Mode as I did. Some features have been described before in an interview (link at the end), but here's my 2 cents about it. There's a LOT of good stuff to deal with, namely (so far):
1. The game automatically saves the last 20 matches you've played (not sure if it does if you leave early/get disconnected).
2. You can choose to 'Protect' desired match files so you can relive that comeback victory/funny moment, but it does take up one of those 20 slots.
3. You can also 'Upload' your match files online (somewhere, maybe PSN servers) and then choose to send it to a Friend straight on the PS3. Don't know what the limit is on how many you can upload.
4. Game classifies Online Files and Local (HDD) Files on separate pages toggled with a button, but you can have the same file on both pages.
5. Manipulate the camera 3 ways; follow, orbit, and free. Jump to any player to follow or orbit around (like the moon around the earth), or pan and zoom.
6. Pause, FF>, Slow, Restart playback options but no Rewind. A Screenshot option is there too and it saves the picture under the Photo section to your XMB. Take a picture of ANYTHING that is going on ANYTIME!
7. There's a Machinima Mode to choose from when making a Custom Game to play with. Too lazy to do that myself, someone want to give it a look?
P.S. To Taunt, just press the 'X' button while standing still.
Interview Link:
http://www.gametrailers.com/user-movie/uncharted-2-cinema-mode-interview/329071