5" OLED touch screen, quad-core CPU,  3G radio, dual-analog joysticks!
The screen itself will run at a native resolution of 960x544 which is capacitive touchscreen and the back of the PSP is capacitive too.



CPU   ARM® Cortex™-A9 core (4 core)
GPU   SGX543MP4+
External Dimensions
Approx. 182.0 x 18.6 x 83.5mm (width x height x depth) (tentative, excludes largest projection)
Rear touch pad   Multi touch pad (capacitive type)
Cameras   Front camera, Rear camera
Sound   Built-in stereo speakers, Built-in microphone
Sensors   Six-axis motion sensing system (three-axis gyroscope, three-axis accelerometer), Three-axis electronic compass Location   Built-in GPS Wi-Fi location service support

Keys / Switches   PS button
Power button
Directional buttons (Up/Down/Right/Left)
Action buttons (Triangle, Circle, Cross, Square)
Shoulder buttons (Right/Left)
Right stick, Left stick
START button, SELECT button
Volume buttons (+/-)

Wireless
communications   Mobile network connectivity (3G)
IEEE 802.11b/g/n (n = 1x1)(Wi-Fi) (Infrastructure mode/Ad-hoc mode)
Bluetooth® 2.1+EDR （A2DP/AVRCP/HSP）

A 4 core CPU & GPU, impressive but what about the cost and battery life? Phones with less cost more!





Not to much information on the game medium but they hint to a new one. It sounds like it will be flash cards. Have Sony finally got a good performance to cost ratio sorted for flash?

Sources:
http://www.engadget.com/2011/01/27/the-sony-psp2/
http://www.engadget.com/2011/01/27/sony-psp2-ngp-a-closer-look/
http://www.engadget.com/2011/01/27/sonys-ngp-psp2-has-a-quad-core-arm-cortex-a9-processor/
http://www.tested.com/news/everything-you-should-know-about-sonys-playstation-ngp/1718/

I've only started using my PSP recently, I had one soon after launch 5 years ago and used it as a SNES for a few months and didn't touch it again - it was very homebewable but the media was just silly expensive. Last month I noticed you can get a 2x MicroSD to Duo converter card which works in it so now have 16GB and a reason to use it again

This new one looks interesting but I don't know if it will take off, with the new 3DS, powerful smartphones, tablets and the new Razer handheld PC things might be heading in a new direction.

Tablets are the main threat, they have had to go hard out.

Ignore the 3D on the 3DS. It is not the best feature and very limited. I seen games that are 3D but use the accelerometer to get you to move around but as soon as you do the 3D effect is lost as you need to be dead on.
It is a nicer, more powerful DS and in that regard should do well.


Thing for me is Sony still are not quite there in terms of online and multiplayer. Microsoft really are the only ones who seem to get it, Nintendo (Japanese in general) just do not get it.

Why Has Microsoft not mad an xbox portable? Maybe they wil look at this and go do something about it?

Playstation Suite for Android is another big thing that Sony are pushing

Bought into the hype of the first one and imported 2 weeks after Japanese release. Was extremely disappointed with it so not getting hopes up for this one, especially as they'll no doubt put a stupid price on it as Sony usually do.

Nope

That format did well then.. much like the minidisc heh

I think the only successful format Sony have invented is Blu-Ray.

Still take UMD?

They are not talking about the format much. It will not be pure digital download and some form of Flash stick.
Their sony flash format they must have some new spec that is cheap to produce and fast enough to read/write from in the works.

All you need to do is give developers rough specs and the dev kits to develop their games on.

One thing seeing video of it though - It is thin, great but actually looks a little hard to hold. Same with the iphone 4 over the 3GS. LOVE the phone a lot but its harder to hold being thinner. Being thinner is not always just a good thing.

You can now pre-order the vita, I'll admit to doing so earlier! so glad I didn't buy the 3DS tbh