Sony is treating its portable gaming fans well these days by giving them the one-two punch of having both a world-beating device to look forward to in the future and an affordable one to pass the time with until then. Starting this Sunday, the venerable PSP-3000 will be yours to own for just $130, taking it dangerously close to impulse buy territory, while Sony is also adding a few more titles to its $20 PSP Greatest Hits collection, including Assassin's Creed: Bloodlines, Metal Gear Solid: Peace Walker and LittleBigPlanet PSP. Skip past the break for the full press release and the new ad video to promote the cheaper portable.
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PSP® (PlayStation®Portable) System Now Offers Unrivaled Entertainment Value for $129.99

Featuring a Robust Entertainment Offering, Expansive Software Library and Accessibility to PlayStation®Network, the PSP system Continues to Deliver Great Value to Consumers

FOSTER CITY, Calif., Feb. 25, 2011 /PRNewswire/ -- Sony Computer Entertainment America LLC (SCEA) today announced the PSP® (PlayStation®Portable) system will be available for $129.99 (MSRP) starting February 27, 2011. Since launching in 2005, the PSP system has sold more than 23 million* units in North America and 67.8 million worldwide, offering more than 590 engaging titles in North America as well as access to a vast selection of downloadable content from PlayStation®Network. In addition to the new price point, 13 new games will be added to the PSP "Greatest Hits" and $9.99 "Favorites" software collections, further delivering upon the PSP system's incredible entertainment value.

"The PSP system set the standard for complete portable entertainment and continues to be the premiere destination for gamers on-the-go," said Tim Bender, Senior Vice President, Sales, SCEA. "Nearly six years after its initial launch, demand for the PSP remains strong. This new price point enables us to broaden the PSP platform to a larger group of consumers who are looking for best-in-class handheld entertainment."

As part of the PSP system's extensive software catalogue are its "Greatest Hits" and "Favorites" collections. Available for $19.99 (MSRP), Greatest Hits titles have surpassed an impressive sales threshold and represent the highest caliber of quality software available on the PSP system. With nearly 70 titles to date, two of the latest additions include Assassin's Creed® Bloodlines™ (Ubisoft), DISSIDIA® FINAL FANTASY® (Square Enix, Inc.), LittleBigPlanet (PSP®), METAL GEAR SOLID®: PEACE WALKER (Konami Digital Entertainment, Inc.), Ratchet & Clank®: Size Matters, Resistance: Retribution™, and Toy Story 3: The Video Game (Disney Interactive).

Favorites titles, valued at $9.99 (MSRP), offer some of the PSP system's most popular games at an incredible price. New PSP Favorites titles include CRISIS CORE® -FINAL FANTASY® VII- (Square Enix, Inc. ), Daxter®, Monster Hunter Freedom Unite™ (Capcom), Killzone®: Liberation, SOCOM U.S. Navy SEALs: Fire Team Bravo, and Tomb Raider® Anniversary (Square Enix, Inc.).

Acclaimed for being the first truly integrated handheld entertainment system, the PSP system continues to deliver unparalleled gaming experiences only possible on the PSP platform while offering a wide variety of affordable entertainment options to consumers.

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Sony PSP dips down to $130, wants to be your cheap thrill until the NGP gets here