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Sony announces the PSP successor, the NGP. Earlier this morning, Sony announced it's next generation of portable gaming solutions, the "Next Generation Portable Entertainment System" or "NGP" as it's currently being called. Money's still on "PSP2" being it's official name, however.

The system comes with the often-requested dual analogue joysticks, which are now more flush and less "thumb-nub" as seen on the original PSP, a capacitive multi-touch OLED screen and similarly multi-touch back trackpad, rear and front facing cameras, but crucially, missing any physical media slot. Update: Sony confirms there will be physical media support.

The system is packing a quad-core CPU and a beast of a GPU. The power of the machine was demonstrated by none other than Metal Gear creator; Hideo Kojima, who demonstrated Metal Gear Solid 4 on-stage, however, was keen to stress that the game is merely a technology demo and no plans to bring MGS4 to the NGP are on the table.

No word on price or release window, expect that at E3 in June. Until then, take a look at some of the shots below and hold your hats as analysts predict how much the system will cost. My prediction? It wont come cheap.
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Added: 27/05/2011