The big redesign has arrived. And it looks... eh...
No UMD drive, smaller screen, and what looks like a worse d-pad and analog nub than the current models. No UMD drive means of course if you want to play anything on it you'll have to download it, and apparently there will be 16GB and maybe 32GB models.
Thankfully it'll be produced alongside the current PSP and is not a replacement, and UMD releases will continue. Although there's talk of DLC only game, which is major bullshit as far as I'm concerned.
I can see them throwing UMD's out the window at some point, but at least wait until you actually develop a new system. This is like bringing out a new PS3 without a disk drive. I can't see it going down that well.