Sony announced today their new PSP 2 called the NGP, Next Generation Portable. The new NGP packs so many new features like a 5" OLED touchscreen with a resolution of 960x544. Sony says the new NGP will not use UMD media for games and movies but instead an all new form of media that is yet to be revealed. Expect the NGP to be released later this year. Full specs below.

• CPU: ARM® Cortex™-A9 core (4 core)
• GPU: SGX543MP4+
• External Dimensions: Approx. 182.0 x 18.6 x 83.5mm (width x height x depth) (tentative, excludes largest projection)
• Rear touch pad: Multi touch pad (capacitive type)
• Cameras: Front camera, Rear camera
• Sound: Built-in stereo speakers, Built-in microphone
• Sensors: Six-axis motion sensing system (three-axis gyroscope, three-axis accelerometer), Three-axis electronic compass
• Location: Built-in GPS, Wi-Fi location service support
• Keys / Switches: PS button, Power button, Directional buttons (Up/Down/Right/Left), Action buttons (Triangle, Circle, Cross, Square), Shoulder buttons (Right/Left), Right stick, Left stick, START button, SELECT button, Volume buttons
• Wireless communications: Mobile network connectivity (3G), IEEE 802.11b/g/n (n = 1x1)(Wi-Fi) (Infrastructure mode/Ad-hoc mode), Bluetooth® 2.1+EDR （A2DP/AVRCP/HSP）