Before you start doing the happy dance this isn’t a PSP2. This is the PlayStation Phone something completely different. The PS Phone is said to most likely run Android 3.0 and sport it’s own PlayStation Store-like Marketplace to purchase and download games for the new handset. As far as hardware goes it’s said that the phone features a 1GHz Qualcomm MSM8655 processor, 1GB of ROM, 512MB of RAM, multitouch touch pad, and a near 4-inch display. The image above is said to be just a prototype, so nothing is final like the lack of memory slots, analog sticks, or a front facing camera, so don’t freak out! There is no release information but we’re hearing spring 2011. This just might put a damper on Nintendo’s 3DS launch.