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I don't think there's currently any confirmation that this phone is getting the PSP branding at all. It's getting Playstation-style buttons, so far that's about it. Chances of it being the PSP2 are practically nil, and since it's Android, it's not like it can play PSP games natively.

I have little doubt that Sony want to eventually merge those markets, but this doesn't look like the device that will do it.

P.S. I still want a PSP2 phone. I don't see the huge problem with having that function, is your anger focused solely on the Swedes or what?