In India we purchased one and this is what we found out about it. The PSP® (PlayStation® Portable) is the ultimate handheld dynamic entertainment medium, the first truly integrated portable entertainment system that utilizes a wide range of digital content including games, audio, video and photos. For use with UMD™ disc only (region code “1” or “all”) and compatible with Memory Stick Duo™ and Memory Stick Pro Duo™. Supported file formats include MP3, ATRAC3PLUS, JPEG and MPEG4. It is compatible with IEEE802.1 1b wireless LAN (2.4 GHz).

The PSP® system comes with a bunch of features and unmatched library of entertainment content such as:

Games: more than 350 titles—and more coming all the time.
• Single–player gaming—Take your games on the go!
• Multiplayer gaming—Choose Infrastructure mode to play with people online, or Ad Hoc mode to play with nearby PSP® systems without an Internet connection.
• Game sharing—Share elements of your game with your friends even if they don’t own the same game.
• Game downloads—Get your game on with free game downloads directly through your PSP® web browser at the official PSP® website.

Multimedia: the secret life of the PSP®
• Watch movies and videos: If it’s saved to your Memory Stick Duo™, you can play it on your PSP anywhere. Save a good movie or homemade video for a long ride or trip. Or while away the hours with one of the many UMD™ movies you can get for the PSP® system.
• Show photos: Show off with a cool slide show of all your favorite digital pics or beam your photos via Wi-Fi to another PSP®.
• Listen to music: Play your MP3s, WAVs, WMA and ATRAC3+ files, and MP4s on your PSP®. It’s your handheld, personal background music to go.
• Get online: Check your email on the go and keep up with the blogs, RSS, news feeds and podcasts you can’t live without.

Evolution: The PSP® is constantly evolving with exciting new features in each system software update. (http://www.us.playstation.com/PSP/About)