Here it is, the Sony PS Vita. Sure it looks similar to the good ol' PSPs, but it packs a handful of cool new features:

4 Core ARM Cortex-A9 MPCore Processor

4 Core SGX543MP4+ GPU

512 MB RAM + 128 MB VRAM

5" OLED Touchscreen running 24-bit color, 960 x 544 pixel qHD display and rear capacitive multi-touch pad

Front and Rear 0.3 MP VGA cameras

Two analog joysticks