The Eurogamer blogsite has revealed some pictures of the new device in all of its glory. The system is real, it is small, and it has no UMD drive.
The screen is 3.8 inches and comes with 16GB of memory and a memory card slot for expanded storage, and it will also have bluetooth support.
Unfortunately, those who choose to upgrade from their existing PSP systems won't be able to play their old games, which could hurt sales.
Sony hasn't revealed a price yet but said to expect its release sometime this fall.