Man, I feel really bad for the Europeans having to pay 40-50 Euros for a PSP game. Just looking at my collection of games that I have on me at this moment:
Pirates!-$20
World Tour Soccer-$8
Lumines- $15
Killzone- $30
Capcom Classics- $25
Puzzle Quest- $30
Chili Con Carnage- $15
Warriors- $15
Loco Roco- $30
Nothing's over $30. Prices are really coming down, you just have to wait and look for the really good deals.
My Top 5:
Shadow of the Colossus, Metal Gear Solid 3, Shenmue, Skies of Arcadia, Chrono Trigger
My 2 nex-gen systems: PS3 
and Wii 
Prediction Aug '08: We see the PSP2 released fall '09. Graphically, it's basically the same as the current system. UMD drive ditched and replaced by 4-8gb on board flash memory. Other upgrades: 2nd analog nub, touchscreen, blutooth, motion sensor. Design: Flip-style or slider. Size: Think Iphone. Cost: $199. Will be profitable on day 1.
