Sony will be releasing a slimmer PSP at a €169 price point, phasing out the older bigger models. side from being released in multiple colors the new slimmer version will be 9 percent slimmer and 33 percent lighter. It will also have more RAM built in the unit to improve load-time on games. Other features include being able to charge while transferring data via USB from a PS3 and the inclusion of video out to hook the unit up to bigger screens. It will be released in Europe first early September and then released in Japan at the end of September.
Here is a picture featuring some of the colors to be released:
