Sony hasn't yet confirmed its existence but perhaps it's time to start referring to the PSP2 as if it the press release has already been sent.
When Wedbush Morgan analyst Michael Pachter recently said Sony's latest handheld iteration would be "dead on arrival," those looking forward to the nifty unit got a tad bit annoyed. Of course, we should acknowledge that while the PSP is definitely burning up the charts in Japan, it doesn't fare so well in North America, and the PSP Go wasn't exactly a rip-roaring success. That being said, Pachter has since reevaluated his stance ; it's a bit more diplomatic, explanatory approach:
"We can't rule out the 'dead on arrival' PSP2, which is likely to be introduced [next year], and if it has the right feature set and is competitively priced, it could actually perform well in the marketplace. My 'DOA' comment was based upon an assessment that Sony won't price it right (look at the PSPgo), but of course, I have been wrong once or twice before, so maybe they'll surprise me."
Price is certainly a major factor and most are hoping the unit will have a reasonable, inoffensive price tag. We also have to remember that the DS rules the portable world and for the PSP2 to make serious waves, it's going to have to feature a competitive price and enough "coolness" to appeal to the gamers and gadget lovers. We just want to see the thing.