CNN is reporting that Activision CEO Bobby Kotick told investors yesterday that his company does not expect the PSP to launch in North America until the second quarter. That means we might not be seeing the PSP here in the United States until June of 2005.

"We have not discussed or given any indication that an adjustment to the PSP launch window is on the horizon," said Molly Smith, director of public relations for Sony Computer Entertainment America.

So far there's nothing concrete, but this sort of speculation often precedes offical announcements of delays. Check back soon for more information.