Ladies and gentlemen, this is officially the Sony PSP2

Just a day after Sony announced the Sony Xperia Play, also known as the PSP phone, they announced the PSP 2, which they’re officially calling the Playstation NGP, which stands for “Next Generation Portable”.
Here’s what we know so far. It has a crazy-fast ARM Cortex-A9 core (4 core) CPU, SGX543MP4+ GPU (more on that later), 5-inch OLED touchscreen with a 960 x 544 resolution, front- and rear-facing cameras, a rear multitouchpad, two analog sticks (so everyone can stop whining about this now), Bluetooth, WiFi and 3G connectivity, compass, GPS, and the same accelerometer and motion sensor found on the Move controllers. Touchscreen? Dual cameras ? Dual analog sticks? Casual gamers or not, Sony is coming after everyone.
Also, bad news for UMD owners – the NGP won’t be supporting those discs. Instead, the new games will come in flash memory-based cards. Your downloaded titles will be playable in the NGP however, so that’s a consolation. So what don’t we know? We don’t know how much it will cost or when exactly it will launch worldwide, although Sony did say that it will be released in Japan this “holiday”.
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