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jman8 said:
Considering the dying third party support and the fact that Apple has aimed squarely at the PSP market with the Iphone and Ipod Touch, how can Sony not release a follow up to the PSP within a year? Sony has no choice.

I don't think so, even if gaming on iphone/itouch takes off there, consoles have proven that you can have 3 competitors on the market at the same time.

One thing I like about apple though is the open sdk, Sony should take a page out of that book, let any joe schmoe out there buy the sdk for a couple of grand and develop games, you put the games on psn, joe schmoe sets the price for his game and you charge a fee for putting his game on your store. Really smart thing from Apple IMO.