Sony announces Next Generation Portable (NGP)

Here's some early details:

• Multi-touch 5-inch organic light emitting display (OLED) as the front display
• Multi-touch pad on the rear of the device
• Dual analog sticks
• Two cameras (front and rear)
• Software titles on small, dedicated flash memory-based cards
• Three motion sensors, gyroscope, accelerometer and electronic compass
• Wi-Fi and 3G network connectivity
• PlayStation Network access, including ““LiveArea™”, “Near” and “Activity” log features Trophy Support
• NGP will be able to play PSP titles, minis, PS one classics, video and comics from the PlayStation Store.

Technical specs and more images after the break

Source