...or UMPC how the official name is now.
No this is no joke, I love(d) my PSP, but mainly for movies and emulation. My biggest complain is lack of PC emulation and touchscreen support (for ScummVM).
And I hate Sony for making me choose between emulation/fast loading games/full screen movie player OR playing the latest games.
Seeing stuff like the new Ghouls&Ghosts makes me cry a little, but I dont know if I would be able to play it on my 1.5 anyway. And I get lots of games, more and better emulation, harddisk, big screen and more instead.
Selling my PSP and my ImageTank, which will be obsolete then will give me enough money and PSP and Nintendo DS emulation are an option for the future.
Only drawback, its a little big, but too often I carry my PSP, External HD or ImageTank and iPod anyway which I dont need anymore. And maybe I'll get a GB Micro for ultra-portable gaming.