Sony's Portable PlayStation

Sony announced today, plans to release a portable version of their older PlayStation console. Dubbed PSone, the new unit will be able to connect to mobile phones, allowing games, programs and other data to be exchanged. The miniature PSX has a price tag of about $142, and is about one-third the size of the conventional PlayStation. One minor drawback with the new unit is it requires an electrical power source, unlike other handheld players, such as Nintendo's Game Boy.

Sony plans to release the PSone in Japan starting July 7, continued with a release in the US and Europe by fall. The company anticipates that the new portable unit will eventually phase out the older, larger, Playstation.