NGP/PSP2

The PSP2 is finally here. Sony revealed its brand new PlayStation Portable at an event in Tokyo, first official look at the PlayStation maker's next foray into handheld gaming, the NGP or "Next Generation Portable. First details below.

Sony boasts that the new PlayStation Portable is as powerful as a PlayStation 3. The device features built-in WiFi and 3G wireless connectivity and uses an all-new form of media storage for games—no more UMD.

Here's how Sony describes it: "NGP adopts a new game medium, a small flash memory based card, dedicated for NGP software titles. Taking advantage of the flash memory feature, this innovative card can store the full software titles plus add-on game content or the game save data directly on to the card. By adopting flash memory based card, SCE will be able to provide game cards with higher capacity in the future, allowing developers to store more game data to deliver rich and immersive games."

For now, Sony is officially calling the new PlayStation Portable by its codename, Next Generation Portable or NGP. It will be out this holiday in Japan.