Slowly the specs for the 3DS are being revealed, the heart of the system is actually a chip developed by Japanese company DMP

 http://www.dmprof.com/

Here's the official PR, sorry no english version yet.

http://prw.kyodonews.jp/open/release.do?r=201006189844

The chip was first revelaed in 2006, there's a quite nice artcile about it here.

English specs for the chip

http://imgur.com/aoMZq.png

Hey using older technology makes production way cheaper and heck the DS was not negatively effected by its lack of processing power. I'll be satisfied with this as long as it beats the PSP's graphics and hardware power!

So now next gen is last gen, huh?

At least it's stronger than a PSP. It supports full Anti- Aliasing. I don't think these specs are correct unless Nintendo themselves releases the specs.

This chip has likely been customized, so I wouldn't take the specs as gospel truth.

This's the video used as a presentation of this chip.

http://www.youtube.com/watch?v=3A-xxUyJvQQ

According to GAF this's below GC but above Dreamcast with low power consumption and quite cheap, so can we guess something below 200 for the price?

Watch a tech demo for it. It's pretty impressive considering it's on a handheld.

Impressive. Very impressive.

So were talking slightly more powerful then the PSP or on par. I guess thats why Sony isn't itching to release PSP2 the origional PSP has nearly the same power if they released a PSP2 they would need to substantially improve the graphics which isn't possible at a competitive price. Bravo Nintendo I think you just killed Sony's handheld dreams!