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PSP Price Drop Confirmed: $129.99 As Of February 27

With the Next Generation Portable (NGP) on the way, perhaps it was inevitable.

Today, Sony Computer Entertainment America (SCEA) announced that the retail cost of the PSP will drop to $129.99. As of February 27, the popular gaming portable will be available at retailers in North America at its accessible and agreeable new price. Since launching back in 2005, more than 23 million PSP units have been sold in North America (67.8 million worldwide), and there are nearly 600 software titles to go along with it. In addition to the price drop, no less than 13 games will be added to the PSP Greatest Hits lineup and the $9.99 "Favorites" software collections. Said SCEA Senior Vice President of Sales, Tim Bender:

"The PSP system set the standard for complete portable entertainment and continues to be the premiere destination for gamers on-the-go. Nearly six years after its initial launch, demand for the PSP remains strong. This new price point enables us to broaden the PSP platform to a larger group of consumers who are looking for best-in-class handheld entertainment."

There are 70 total Greatest Hits titles for the PSP and a few of the latest additions include Assassin's Creed: Bloodlines , Dissidia: Final Fantasy , Metal Gear Solid: Peace Walker , Ratchet & Clank: Size Matters , and Resistance: Retribution . If you can't find a title on there worth playing, you're officially nuts. No, seriously, get yourself checked.

As for the new PSP Favorites: Crisis Core: Final Fantasy VII , Daxter , Monster Hunter Freedom Unite , Killzone: Liberation , SOCOM U.S. Navy SEALs: Fireteam Bravo , and Tomb Raider Anniversary . All this entertainment now for only $129.99…sort of reminds us of when the PS2 fell to that price.

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