SCEE president David Reeves said that Sony has no plans for a "PSP 2" and that, instead, they'll keep on improving the current PSP.
"There are currently no plans for a PSP2. I go to Tokyo quite a lot and no one has referred to it - I think they have their hands full at the moment," he remarked.
Reeves then admitted that PSP's software library is still lacking. "Its weakness, however, is its software. And that's because developers, when it comes to placing their bets, have to choose PS3 and 360, then Wii, then DS, maybe even PS2 before PSP. It's the same at our internal studios, where the focus has been on PS3. They've also focused a lot on PS2 as well because we have to get the SingStars out for that format. So PSP games will come - they just take a while longer."