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The PSP Slim is a solid purchase. Excellent build quality, excellent screen, surprisingly light in the hands, and there are plenty of superb games (Jeanne D'Arc, MGS Portable Ops, Ratchet and Clank: Size Matters, e.g.).

I've found myself using the multimedia capacities of the PSP more and more these days. I use it to play MP3s and podcasts - hook it up to your PC with a USB cable and you can store and play videos, photos, sound files, etc. (The PSP can only play a limited number of formats, but transcoding software is cheap and easy to use.)

Well worth the money.