Below is an translation of the original Japanese site which posted info about the portable PSX console:
"..According to information received by CVG today, the new hardware will be literally a quarter of the size of the current generation PlayStation, measuring five inches shorter and an inch thinner. Contrary to earlier rumour, users will still need a screen to plug the unit into; it had previously been believed that the device would take the same physical form as a mini-DVD player, with a flip-up screen.
Insiders are speculating that the addition of a screen will push the price beyond the target market. There's even talk of a $99 (between £60 and £70) price-point in the US, aiming at youngsters' parents and older gamers with large PlayStation game collections, a penchant for gadgets and enough money to move onto the more serious PlayStation 2.."