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well according to Endless E-Entertainment it is anyway (I can't copy it over in Google translate mode EDIT: thanks Binary for sending me the text, its below), I put rumour, as I doubt this is actually true and Taiwan SCE don't have any announcments on their main page

http://translate.google.com/translate?sl=zh-CN&tl=en&u=http://e3.endless.com.cn/html/tvgame/ps3/news/2011-05/13/224459b35afd66927258cc.htm

this may be just in China, but I don't see any sense in this, it would kill one of the best reasond to own a PSP

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Taiwan Sony Computer Entertainment (SCET), announced in July 2011 will be launched PS3 action game "God of War Portable compilations (God of War Portable Collection)" Chinese. 

"God of War Portable compilation" is "God of War" series of PSP PS3 two works enhanced port of the screen with the PS3 hardware features to high-resolution, let the players on the big screen TV to enjoy the big screen epic myth of the courage of two rumored action and magnificent story. 

Game released in March 2008 included the "God of War: Chains of Olympus (God of War: Chains of Olympus)" and the November 2010 launch of the "God of War: Ghost of Sparta (God of War: Ghost of Sparta) "content. 

"God of War: Chains of Olympus" is "God of War" series, prequel to work, God of War story telling as a pawn of the Spartan battle Secretary Arie士克雷多斯depth of hell from the earth, against a variety of legendary monsters, uncover hidden behind the myth of the dark side of the world.

"God of War: Ghost of Sparta" continue the story, "God of War", describes Keleiduosi after defeating Division Arie, a new generation the history of Mars. In order to get rid of lingering nightmare, to the gods to prove their worth, Keleiduosi must face his own dark past.

PS3 "God of War Portable compilation album" in English and co-edition scheduled July 7 launch, included in the English voice and English interface.