186w ago - According to both
analysts and PSXExtreme.com (linked above), a new PSP console dubbed the PSP2 will arrive in 2010 to compliment Sony's PSPGo and feature PowerVR SGX543 graphics.
Apparently it has been in development since 2008, alongside several other
PSP models, and will phase out the PSP-3000 console.
To quote: "According to
BSN, the new generation of portable technology from Sony will indeed arrive next year and feature PowerVR SGX543 graphics.
We learn that past rumors were also mostly true, as their sources tell us the PSP2 has been in development since 2008 and exactly one year ago today, Sony unofficially announced the selection of Imagination Technologies' SGX graphics processor.
Earlier today, we heard something similar in regards to the potential tech leaks for the PS4 and new PSP, which is starting to become clearer and more legitimate.
It also seems obvious that Sony will push forward with the freshly released PSP Go and replace the PSP-3000 with the PSP2... although we're starting to wonder if the PSP Go will have enough going for it to compete with the new portable option.
Either way, it's going to be an interesting year for handheld electronic units. BSN says they know when Sony plans to put the PSP2 on store shelves but will only say it'll launch within the next 12 months."
Welcome back! I just joined not to long ago 
...
even so, a 2TB HDD can hold max 10-20games...
The problem is the chip is only ready for full production in 2011, making a 2010 release date for the psp2 impossible.
There's another, and in my opinion, bigger problem. The fact that its hard to develop games for the GPU, adding costs and time to the final product.
It's just like the ps3 with the cell CPU, developers had a hard time to learn cell programing, increasing costs.
Of course this is all rumors, we will have to wait and see.
Source: http://www.eurogamer.net/articles/digitalfoundry-ds2-vs-psp2-article?page=2
I used to own a PowerVR Kyro II video card for my PC and it was absolute garbage. Shortly thereafter they were forced out of the market by ATI and Nvidia.
Apparently they moved on to the mobile market instead. Interestingly enough, they make the video chip used in the iPhone (among other devices).