Although Sony hasn't said a thing about their new and improved PSP since the first rumors saying there were plans for it came out, NextGeneration recently spoke with Lazard Capital Markets analyst Colin Sebastian, who strongly believes that Sony "definitely" has a revamped PSP in the works, as his sources indicate:

"I can tell you from industry people I've talked to that [Sony] definitely has something in the works," he said regarding a reworked PSP. Normally, Sony would have a PSP2 in the works, as the original PSP has two years already and it hasn't exactly blown anyone's mind away, nor did it make record sales.

Although it has a big screen with fine pixels, while the console itself can support a 2 GB memory stick, it hasn't sold exactly as Sony anticipated upon its release. The PSP's final blow however, was the popularity Nintendo's DS was starting to enjoy. More and more people around the globe were hearing about this dual screened handheld, with touchscreen capabilities, supporting Pokemon, Zelda and Mario.

How could anyone resist to that? Now, all Sony has to do is learn from its mistakes, make a second PSP with a lighter body, the same big screen, better crafted analog stick, supporting more apps and providing owners with a better Internet connection to the PlayStation Network.

Another thing they could and just might change with the coming of a new PSP would be the data support - totally excluding UMDs. Memory sticks are far more practical and even Sony admitted messing up the PSP's UMDs. Of course, PSP2 owners would not be able to play PSP one games; but with a downloadable service exclusive to PSP2 owners, it could very well become reality.

Anyone with Sony hearing this...? Make it happen!