So the question is simple really. Should they stick to PSP2 OR go for a new name altogether? What are the pros and cons of it?

I think they should go for a new name personally. As long as the word Playstation is part of it I doubt there will be an issue with recognition. And also it will depend on what the company wants from the device.

IF they want it to be a brand new start to their portable business I think a different name would be beneficial with marketing.

So what do you guys think? :)

hoesty i am catching onto NGP. The Playstation Next Generation Portable, PSNGP. 

Really they should call it: PSP: We have Dual Analog!

I think it should be called the PS3P , PlaySation 3 Portable.

PSP2 is fine.

NGP

Something Something PlayStation

I agree with you guys on NGP...that name is growing on me as well :D

I actually like NGP, a lot more than the rumored PS Vita 

You guys know there is liek 0% chance it will be called NGP

They should stick Teh Cell in there and call it the 4DS.

Playstation Pod , too fuckin' original ,PS DONT STEAL MY IDEA!