The [crap] PSP camera finally priced.
The camera is called the "Chotto Shot" and will retail for 5,000 yen (~$42 USD). It can record still images at resolutions of 480 x 272 or 640 x 480. Videos can be recorded at 480 x 272, 30fps for as long as 15 seconds. Recording options include a timer, frame, and "watchdog recording." Included editing software allows you to apply 72 different effects, background music, captions, and so on. Videos can be played on the PSP itself, and can also be exported to AVI for watching on your PC. The package will also include a storage case for the camera.
They've announced the GPS device as well. That camera is tripe, the Sony Ericsson phone cameras are much better, and smaller to boot!
15secs recording time? Piss poor. Don't forget the lack of a camera light/flash.