Rumors and News in the air, and the latest one seems to be realistic enough to be called in the best one at the moment. 1 UP (A video game website owned by UGO Entertainment) has revealed that the new PSP is named PSP GO, according to their reliable sources. The website further states that redesign will be available in two SKUs, with either eight or 16 GB built-in Flash Memory.
NEW PSP TITLE:
Many have speculated that the update would be called either the PSP 2 or PSP-4000, but our sources claim Sony will forgo a numerical moniker in favor of a subtitle. We’ve heard various rumored code names for the project (including PSP Slide, PSP Flip, and PSP Go!), but given that Sony has introduced the Go! brand of add-ons (the Go!View video on-demand service and 1.3 megapixel Go!Cam) for the European PSP, it seems likely that the new system will in fact be called the PSP Go! Our sources further confirm that this redesign will be available in two SKUs, with either eight or 16 GB of built-in flash memory.
DESIGN & HARDWARE:
There has been speculations on the hardware and design as well. The latest speculation by 1Up has the following to say;

Picture Source: www.1up.com
As for the hardware itself, the redesign will include a d-pad, analog nub, and face buttons as part of a sliding unit sticking out below the screen (as seen in our mockup above). Unfortunately for those looking for twin-stick shooter controls, the new system will not have a second analog stick, but instead will remain consistent with the current control configuration.
LAUNCH/RELEASE DATES:
The new PSP would be launched in Japan , this September while in US & EU around November, December.
At this moment there is nothing confirmed by SONY , so we are dealing with speculation and rumors. Although the recent details unveiled by 1up are realistic we have to wait for the offiicial word. We’ll give you more details when more news is available.
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