Inexpensive Sony PSP on the Cards

Sony is all set to launch a slimmer, cheaper version of the popular Sony PlayStation Portable handheld game console to take on the Nintendo DS. The new PSP will hit stores in Japan in September 2007.

Calling it a second growth stage for the PSP, the new PSP will be priced at ¥19,800 (or about US $162) - a 5% drop on the current model. It's still more expensive than a DS.

While there's no information on the new unit's launch in other markets, it will hopefully be available soon after the September launch in Japan.