a better question is why buy PSP when NGP is releasing?

"I mostly just want one for the JRPG's However, I am also interested in buying some of the online PS1 games."
- OP

JRPG recommendations:
Ys Seven http://gamrreview.vgchartz.com/review/32793/ys-seven/
Ys: The Oath in Felghana http://www.rpgfan.com/reviews/Ys_The_Oath_in_Felghana/index.html
Lunar Silver Star Harmony http://www.rpgfan.com/reviews/Lunar_Silver_Star_Harmony/index.html
Jeanne D'Arc (SRPG) http://gamrreview.vgchartz.com/review/3535/jeanne-darc/
Valkyria Chronicles II (SRPG) http://gamrreview.vgchartz.com/review/36461/valkyria-chronicles-ii/
Half-Minute Hero http://gamrreview.vgchartz.com/review/35237/half-minute-hero/
Valkyria Profile: Lenneth http://www.rpgfan.com/reviews/valkyrieprofilelenneth/index.html
Star Ocean First Departure http://www.rpgfan.com/reviews/Star_Ocean_First_Departure/index2.html
Star Ocean Second Evolution http://www.rpgfan.com/reviews/Star_Ocean_Second_Evolution/index2.html
Crimson Gem Saga http://www.rpgfan.com/reviews/Crimson_Gem_Saga/index.html

On behalf of the OP, thanks. I'm in the market for a PSP for the same reasons.

Im a fan of games and have many more systems than just Nintendo. Nintendo just happens to my favorite. I also have PS1 and PS2, Sega gamegear, Sega Gen, Dreamcast and so on. The only big system maker over the years that I dont own anything form is MS.

Get Tactics Ogre and psone classic Alundra. All you need for a while.

Because I like to own most of the systems form a GEN. I already have a DS and a Wii this Gen. I was waiting for the price and for me to have the money to snatch it up along with some of the games I have been looking at. In the case of the PSP its JRPG's. Though I havent kept them all written down but with advice from people on this board It will help me recall all of them.

Nothing on Wii coming out that I want for awhile and I have finished all my current games on both DS and Wii. THe other reason is being some  games I lost in a flood a few years  back and my PS1 game collection was a big chunk of it. While I know I will never find half of those games for the price Im willing to pay I can still enjoy some of them VIa the PSP.

Component cables should still work for the PSP 3000.  I personally can't stress enough just how good Jeane D'arc is, go get it.  Final Fantasy Tactics, Final Fantasy Crisis Core, Valkyria Chronicles 2 and 3, and Kingdom Hearts: Birth By Sleep, are the only RPGs I can think of off the top of my head, if you wanna try importing from Europe (Unless you live in Europe) then go grab Breath of Fire 3 and 4 (Especially 4, completely under rated compared to the rest).  That said one more game I suggest is Gurumin, it's such a great, light hearted game.

You're welcome.

Both, the DS and the PSP are brilliant systems for JRPGs this gen, yet VGC members unfortunately only discuss the console JRPG games. While I generally prefer the DS for its (imo) unmatched diversity (more and better puzzle games, some exclusive adventure games, strategy games, unique action adventure games like Zelda PH/ST or Okamiden), the JRPG genre alone makes the PSP a worthwile purchase for me.

Jeanne D'Arc, Valkyria Chronicles II and the two Ys games for example are all exclusive to the system and already reason enough for me to own a PSP. The remakes/ports of classics which I never played on home consoles are the icing on the cake - and I didn't even mention Persona remakes as I haven't played them yet.

you only need 1 game for psp and thats monster hunter.

oh and you can always try sitting in a coffee shop and use their wifi.....hopefully they wont cut your connection or hunt you down for downloading large files lol.