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For the PSP2 they should include:

1. Internal Memory (4gigs)
2. Better graphics
3. UMD for backards compatibility
4. Full access to psn store. All PS1 games and original PSP games should be availible on the store.
5. Games should come on a memory stick.
6. 2 screens.
7. It should be flip up.
8. Two analog sticks.

With all of this, it would buy it straight away for £180 ($250)