SCE UK managing director Ray Maguire described the current PSP as the "first iteration", according to Gamesindustry.biz web-site. Compared to the current PSP, the new model is expected to be smaller and lighter. But these changes to the industrial design would not affect the size of PSPs screen. He did not offer any suggestions as to when the new iteration might be released.
A reworked PSP has been rumoured for months, but this is the first time a Sony executive has gone on record to confirm the companys plans. Aside from a reduction in size and weight, Maguire did not suggest any additional changes to the hardware.