David Reeves, ex-President and CEO of SCEE and current Capcom Europe COO, believes that Sony will be launching a new PSP system some time within the next year. Reeves says without a new PSP, Sony could be facing a shutout in the handheld market, as Nintendo’s new 3DS is poised to change the market completely.
“It's an exciting time and you could possibly have two handhelds coming out within months or a year of each other,” Reeves told GI.biz. “Sony tried to make the transition with PSPgo. I think that changed some consumers attitudes, but they need to come back with something on PSP pretty quickly to stay in the game because Nintendo are s*** hot at getting these things right. And they always get these things right.”

