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My best friend has a PSP and it's really nice. He mainly got it for the homebrew/emulator/ripped media abitlities and he doesn't regret the purchase. I think once the PS1 emulation comes around, more people (like me) will adopt it, that is if Sony handles it right. If they have reasonable pricing model for the playstation games, and a reasonable distribution method, I think it'll grow their fanbase. I guess what I'm saying is, if I can rip my current (legitimate) PS1 library into it, I'll damn sure buy one. Anybody know how they're gonna handle that yet?
 In my opinion, the PSP has failed because for every game I've played on the PSP, I've played 10 Nintendo DS games.
Actually I truly regret buying a PSP when it first came out. I have version 1.5 of the PSP and I have been playing downloaded games and homebrew since they first came out.
My impressions on this is that there are no good games available (as I don't like GTA) on the PSP and obviously the movies function is fuxed. I am trying to unload my PSP to other people but no one else is buying it. Everyone is saving up for the Wii. In my opinion, the PSP has failed because for every game I've played on the PSP, I've played 10 Nintendo DS games.