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Is the PSP 2 in Development? or just Sexy but pricey?

A pretty significant story is breaking out of Eurogamer.es today, which claims to have gotten its hands on some specifications for the PSP 2. To clarify, this is not the recently announced PSP Go, but rather a proper successor to Sony's original handheld console.
Eurogamer.net's Digital Foundry blog took a look at the specs and says that "a quad core iteration of the low-power SGX543MP chip, codenamed "Hydra", will be present in the next generation handheld. "It may well be that PSP2 will centralise all of its processing into a single chip, thus saving power and providing other efficiency savings from a programming perspective (lightning fast interaction between game logic and graphics, for example). It does seem unlikely however that Sony would confirm that the PSP2 is actually in development for some time, particularly with its upcoming release of the PSP Go pending this year.
As we expected, Sony confirmed its new PSP Go hardware during the company's E3 press briefing today. While introducing the new hardware to the audience, Sony's Kaz Hirai revealed that the new hardware will retail for $249/€249 and will go on sale in both North America and Europe on October 1st.
With no UMD drive, the PSP Go aims to reinforce the fact that most future PSP games will be available digitally via the PlayStation PSP Network store as well as on the older UMD format.

source : http://pc.gamespy.com
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