The Seattle Times: Business & Technology: Gamers, start your handhelds "The PSP displays games and video on a 4.3-inch color screen and will be able to connect to wireless networks. It will not play games made for PlayStation systems because it works with a new storage format, Universal Media Disc.
The 2-inch discs can store up to 1.8 gigabytes of data; Sony hopes the PSP popularizes their use for storing music and movies.
The PSP plays movies, music videos and sports programs stored on the discs. It could compete with the growing number of handheld audio and video players.
Sony aims the PSP at video gaming's prime demographic: men, 18 to 34, who have money and will spend it on games.
"Ultimately, it's going to be an iPod, a Walkman, a Watchman and a portable DVD player," said Wedbush Morgan Securities analyst Michael Pachter. "It'll have everything. I think that's brilliant."