Sony's NGP

Official site as of now: http://us.playstation.com/ngp/

Some coverage at IG: http://www.industrygamers.com/news/john-carmack-says-ngp-is-a-generation-beyond-smartphones/

Basic info courtesy IG at http://www.industrygamers.com/news/sony-reveals-its-next-generation-portable/:

External Dimensions: 182.0 x 18.6 x 83.5mm (width x height x depth) (still tentative)

CPU: ARM Cortex-A9 Quad-Core

GPU: SGX543MP4+

Screen: 5 inch front OLED multi-touch screen (16:9), 960 x 544, 16 million colors, OLED

Controls: Rear touch pad. Directional Pad, Dual analog sticks, two shoulder buttons, four face buttons, Six-axis motion sensing system (three-axis gyroscope & three-axis accelerometer), Three-axis electronic compass.

Cameras: Front camera, Rear camera

Sound: Built-in stereo speakers & microphone

Connectivity: 3G, 802.11 b/g/n WiFi, GPS, Bluetooth 2.1

Games will come on a brand-new Flash-based storage medium, with UMD being sidelined for this generation. No price or specific release date for the system was given, though Sony expects the system to be out in Japan this holiday season.

My take is that this could potentially be the portable hi-def gaming system I've been waiting for due to the processing power and the dual analog sticks that makes console style action and shooter games realistically playable. I never liked SOCOM etc on the original PSP, and the virtual shooter controls on iPhones is totally meh. The price may be an issue since many are speculating that it will be at least $299 which is a lot for a handheld...but imagine being able to play games like Uncharted wherever you want? Definitely something to think about despite that this system is unproven as of yet. And there are other issues around software cost for portable games, actual battery life, how rugged/durable it will actually be, will the optional 3G be worth it or even effective and etc.