Sony finally announced the NextGen PSP today — and thank god, it’s not a phone.  The yet-to-be-named device has a pretty impressive list of tech specs attached to it:

(Pulled from the Press Release)

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 = 1×1)(Wi-Fi) (Infrastructure mode/Ad-hoc mode)
Bluetooth® 2.1+EDR
A2DP/AVRCP/HSP

No release date yet, other than by the Holiday season for this beastie.  Now, I’m not a fan of Sony, the only company that raises my ire more is Appl, but this sounds pretty impressive for a handheld (like seriously, remember the original GameBoy?).  However, to be completely honest, I think that Sony will probably screw it up by putting a huge price-point it, thinking they can get away with it because the 3DS is going for $250.  Then, Sony will talk big how great their platform is from everyone else, how much better than the 3DS, how 3DS is just a fad … all while having abysmal sales because they priced it too high, with features that, while nice, are not necessarily innovative.

You can view the full press release here:
Press Release 

Via IndustryGamers: Sony Reveals Its ‘Next Generation Portable’