The gamespot video of the press conference
More importantly the thing looks pretty bad ass, with a similar design to the PSP, a touch pad, and graphics they claim compare to the PS3. I think it would be interesting to see how this effects the wider world.
I imagine that hardcore gamers will be more of a PC/Handheld gamer, and the casual games and motion controls will dominate the console world. imagine it with me, using a blu-tooth headset on your PSP 2 playing Call of Duty Modern Warfare 3 seems like a pretty sweet idea if they can get the control system right.
The future of gaming is going to be a strange beast, and I'm excited for it.