Even though it came out nearly 2 years ago the psp is getting notic mainly I got one:) and although it directly conteds with say the Ipod video here are what restrains it from eternal glory A) Memory to get the experience you need a gigabyte or better in fact I suggest a 2gb.
B) Games(and movies) the psp can handle good games not watered down versions like fire team bravo or grand theft auto (liberty city stories and vice city stories) and mortel combat unchained come on the psp needs more games like loco roco or mind quiz the type nintendo is using to beat psp up.
Now even though those things hold it back here is what makes it the jack of all trades
A) internet
B)mp3 player
C)mp4 player(video like the videos Ipods use)
D)game got graphics...........
all in all the psp needs work but still is a good thing and with improvements coming every day who knows .