According to my newest PSM Sony is going to Re-release a redesigned PSP that will hit first in Japan as soon as March 2007
So far it looks like Sony will
* reached a deal with Samsung to purchase 8GB flash memory chips which will be built in according to industry reports.
* miniature hard disk drives are out
* will be streamlined and thinner and lighter
* Sony is still expected to include astill/video camera of undertermined resolution as a buit-in feature of the new PSP