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Sony announces the "PSP Remaster" series for Playstation 3. The initiative will see select PSP software being, as the name implies; remastered for use on the Playstation 3 including an upgrade to High Definition visuals and in some cases stereoscopic 3D support. The games will be available on physical Blu Ray discs.

There's little word as of yet as to what games the series will bring to the Playstation 3, however Capcom's highly successful "Monster Hunter Portable 3rd" will be the first game in the series to be launched in Japan during the Summer under the title "Monster Hunter Portable 3rd HD Ver." There's no word as to if any of the titles in the PSP Remaster series will be released outside of Japan.

The PS3 variant of PSP Remaster titles will be able to share save data with the original PSP version (and vice-versa) of the titles as well as share online multiplayer aspects of the system, including the "Ad-Hoc" connection setting. However, the online functionality depends on the PS3 having internal WiFi, original circa-2007 20GB Playstation 3 model owners are out of luck, it seems.
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Added: 27/05/2011