Watch the Sony Press Conference. http://www.g4tv.com/e32007/spotlight.html Looks almost identical to the old/current mode. Same size screen, still has UMD slot, but games apparently load faster. 19% slimmer, 33% lighter, battery life longer. Can output PSP video to TV screen, for watching movies etc... Will be available in Black. Silver bundle also available with Daxtar, UMD movie, "The Family Guy Frickin' Sweet Collection and 1GB Pro Duo. Will retail for $199, available in September. White Star Wars branded PSP also unveiled by Chewbaka... >_>; Edited for correctness.