Is a Nintendo DS the only thing keeping your hands warm and company at night? When you're waiting in line some place, is a good book the only thing you're holding? Based on stats and sales figures, one of those two scenarios are probably true, because the PSP has so far failed to really succeed and/or go over well with the videogame buying audience. However, it looks to be changing things around, but the question now is should you buy the one currently out, or wait for this supposedly new one coming out soon?

From the article:

Speaking yesterday afternoon at the national launch of Sony’s PSP in Education initiative, Maguire told an invited audience of press, teachers and education specialists that the current PSP is just the "first iteration".

In line with the firm’s strategy for previous consoles, a "smaller, lighter" system will be introduced in the future.

Responding to a query on Sony’s plans for redesigning the system, Maguire added that any changes to the industrial design would not affect the size of PSP’s screen - widely seen as one of the system’s key strengths - which is "fixed". 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 company’s plans. Aside from a reduction in size and weight, Maguire did not suggest any additional changes to the hardware.

Read the full article over at gamesindustry.biz