Who says it's PSP2?  All rumours point to a radically different PSP - no UMD, sliding screen and touchscreen, 2 analog sticks.

My advice would be to wait for Spaceworld...I mean E3. It's less than 2 months away, anyway.

Yeah that's probably what i'll do. I just want to play resistance: retribution really badly.

But if he waits a few months for E3 he will have to wait a few more months for this new PSP to actually come out. How long are u willing to go w/o having a PSP?

but if the new PSP is badass and he buys it now...hell regret it

Check your local Radioshack if your in the US. Thats where I got a PSP-2000 Core for $120, and they had God of Wars for $130. I missed the GOW but got a core :(

If you can wait a few months however just wait. I don't think they'll have a PSP-2 out for another 2+ years because Sony is already too far into the red. I'm also not buying the download only PSP. Sony would be shooting themselves in the foot to go digital only by pissing off old PSP owners if UMDs were not available to purchase, and people are already reluctant to purchase digital only copies unless they are cheap (XBLA,PSN downloadable titles $10 and under).

wasn't the latest model announced at some gaming event? the one that follows e3?

Why is everybody assuming that if PSP2/4000 is digital only they would cease support for old models????

Why is everybody assuming the next PSP will be digital only? Based off rumors?

Have you looked at PSP video game sales? How many million sellers are there? No one will support a new PSP if it goes digital only. I purchase all of my PSP games new or used depending on the eBay price, but if you go by PSP sales to software ratio a majority of the people pirate their games. Going digital only would not only decrease their hardware sales but alienate those that actually purchase their games. Most people who purchase their games will want the ability to re-sell them for money or have an actual copy of a game rather then a digital download.