Apparantly the PSP2 exists.

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The PSP phone != the PSP2.
Even though the psp phone and the psp2 "edit: are different" I hope the psp2 will a "super set" of the psp phone, a bit like the Ipad and the iPhone.
I would be terrible to not try to leverage the whole potential user base.
 
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Even though the psp phone and the psp2 I hope the psp2 will a "super set" of the psp phone, a bit like the Ipad and the iPhone.
I would be terrible to not try to leverage the whole potential user base.

I too hope that Sony shamelessly copies the iPod Touch/iPhone model, where you can have one with and without phone stuff built in, but otherwise functionally compatible.

I wouldn't be surprised if the phone below is just really slow result of a process that started with the PSP Go / another 'experiment' like the PSP Go. The 'dual analog' touchpad, if that's what it is, is interesting though.
 
... and Engadget responded:
http://www.engadget.com/2010/10/27/the-playstation-phone-is-still-real/

Only here's the thing: the PlayStation Phone in the photos we ran last night, and the device reported on back in August is most definitely real. We're not saying that because we want to believe or because we're gingerly trying to nab pageviews: we're saying it because we know it to be true. This is a device which has been confirmed through multiple, trusted sources. And we're not just talking good tipsters -- some of our information comes from people much more closely connected to the project. Even since last night we've received more info about the phone -- learning that its codename is "Zeus," and it was last seen running Android 2.X (not 3.0, which we suspect will be the shipping version). It should be obvious by comparison of our original mockup to the real photos we've just uncovered that the handset we described in August is the same handset now fully revealed. Prior to last night, we had never seen an actual image of the phone. It should also be obvious that the device pictured in those photos is a prototype running early software (which would explain the A / B button mention in the photo above) with hardware that was likely hand-built, or at the very least created in a very small batch.

...

[Explanations of why they think it's still real]
 
I would assume they have a PS1 emulator on the device and you will be able to access the PSN PS1 games. Which would be quite nice actually!
 
More Engadget update:
http://www.engadget.com/2010/10/27/sony-ericsson-z-system-the-playstation-phones-gaming-platform/

A bumper crop of circumstantial evidence surrounding the Android-based PlayStation Phone is starting to come together today -- when it rains, it pours, as they say -- and one particularly interesting thread suggests that the ecosystem surrounding the device might be called "Z-System." An astute tipster notes that the term appears in the upper left of one of our shots, which maps to a domain -- z-system.com, naturally -- that's owned by Sony Ericsson.



We suppose it's possible that this specific device will be called Z-System, but we're going to float the theory that its actually underlying gaming platform that'll bear that name -- possibly a premium game store and set of software libraries that together will earn a device the Z-System badge. As we already saw with the BlackPad / SurfBook / PlayBook fiasco, trademarks don't mean much until a device is actually announced -- but it's something to keep an eye on.
 
http://edition.cnn.com/2010/TECH/gaming.gadgets/10/27/sony.playstation.phone/

Dille, the senior vice president of marketing at Sony Computer Entertainment of America, was asked about the so-called PlayStation Phone, which was first reported by Engadget, in a fireside chat Wednesday at a conference in San Francisco.

Refusing to confirm or deny rumors, Dille did say the lack of a cellular data connection could be holding back Sony's PlayStation Portable game system.

"The PSP is a Wi-Fi device," he said. "People are used to having always-connected devices."

Yap, I think the data network can help to change PSP experience. But they have to make the data plan cheap though. I don't really need the phone capability since I have an iPhone.
 
I'm not sure what that'll tell you. XB360 has a three-core, dual-threaded, wide-SIMD processor at 3.2GHz. You cannot get that in anything that doesn't eat tens of watts, not ~1 watt which is the sort of power draw mobile devices use. Discussing the feasibility of XB360 level in a tablet console makes it sound unlikely in a couple of years, let alone in a handheld!
 
maybe a DX10/ SM4 capable hardware running at 854X480? I'm not sure about the HD thing or bigger screen is a good idea. I think if you have a small 1:1 pixel screen even a 480p it will looks super sharp HD like.
 
I'm not sure what that'll tell you. XB360 has a three-core, dual-threaded, wide-SIMD processor at 3.2GHz. You cannot get that in anything that doesn't eat tens of watts, not ~1 watt which is the sort of power draw mobile devices use. Discussing the feasibility of XB360 level in a tablet console makes it sound unlikely in a couple of years, let alone in a handheld!

But it'll have more ram! That means it's more powerful!
 
I'm not sure what that'll tell you. XB360 has a three-core, dual-threaded, wide-SIMD processor at 3.2GHz. You cannot get that in anything that doesn't eat tens of watts, not ~1 watt which is the sort of power draw mobile devices use. Discussing the feasibility of XB360 level in a tablet console makes it sound unlikely in a couple of years, let alone in a handheld!

CPU will likely be scaled back and likely cell based (perhaps 4 spe 1 ppe at 1ghz)
Graphics wise, who knows, but I'm sure it will be making up for the performance loss in cpu, hence: "xb360 power!".

Not sure why they'd put 1GB ram in though ... seems overkill.
 
More powerful than the current gen, in a tiny handheld? Off a battery? ...

Given the form factor, yeah right. Maybe if the 360S or the PS3 Slim were a quarter of their current size. But being that they are less than a year old and the PS3 still being a behemoth of a console, I find it hard to believe that Sony could somehow produces something just as powerful as a 360 (that rivals the PS3) that can be squeezed into a handheld and yet be: 1. Afordable and 2. have a battery life longer than 5 minutes.
 
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