Sony is reportedly developing a new gaming console, called the PSP2, that will replace the current Playstation Portable model and may be launched just in time for Christmas 2011.
VG247 reports about a British source close to the project who confirms that developers and publishers have been told about the new PSP2 with an ETA set for late 2011.
Game developers have been working on the new console for several months already with development toolkits readily available with no immediate plans to have 3D games at launch like the Nintendo 3DS.
The PSP2 is expected to have two cameras with touchsceen and proper buttons as well. More details about the device are likely to be revealed at next year's E3.
Sony has remained silent as expected and while the GPU and the processor details haven't been released, they will likely be follow the same trend as the PSP.
The latter was released five years after the original PS2 was launched and was based on it; this means that the PSP2 might share some common features with the PS3.
We reported last month about Sony looking for a senior server engineer for a PSP phone that works on Android. It will be interesting to see whether these PSP2 and the PSP phone will be tied together.