I just looked at the price of the PSP on Amazon and it is priced at £179.99!!!
It looks good, it has some nice looking games and some that I think I would genuinely enjoy, but it's price is just a little too high for my taste.
On the other hand the Nintendo DS is priced at £94.99 and is released in about a month (on Red Nose Day). So very tempted by that, but I don't like the gray styling.