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here's something I posted on another forum. I know it's long, but just bear with me:

Here are the problems I had with the conference

1. A lack of titles: The press conference barely had any games for it. We had Killzone, LittleBigPlanet, Uncharted, and Resistance, but NONE of these were confirmed to be original or just ports from the PS3. What third parties showed up merely showed tech demos that demonstrated how one could port PS3 games to the NGP. Not exactly something to get excited about.

2. The tech involved: I won't deny that the thing is an impressive piece of hardware, but there's something that Sony seems to have missed: this is the exact same situation the PSP had with the DS. Undeniably the PSP is by far more powerful than the DS, but Nintendo STILL beat Sony into the ground with their plucky, quirky, underpowered device. Furthermore I don't see what the NGP has besides graphical power that the 3DS DOESN'T except from a second analog stick. Also, the bells and whistles make me worry about:

3. The price: NO PRICE WAS ANNOUNCED. I'll admit that they'll probably wait until E3 to announce that, but it still makes me worry. The 3DS is priced at $250 with far inferior graphics than the NGP and that's BEFORE you get into the NGP's touch sensitive OLED screen, touchpad, and 3G connectivity. There is NO WAY this thing is going to match the 3DS' price, it'll be lucky to only be $300 at launch. The PSP launched at $250 which was a more than hundred dollars over the DS at the time.

I can't see how the NGP is going to compete with the 3DS. And that's before I get into it not being backwards compatible with UMD games. It looks to me like Sony just didn't get why Nintendo beat them in their last tussle with handhelds.