Sony's Gamescom press conference, new SCEE president Jim Ryan revealed that a new model of the PSP will debut in Europe later this year. This new PSP variant will sport a refined design, though it will not include WiFi. The kicker, however, is the price: a mere €99.00. The new model is expected to launch this fall in Europe. No mention was made of a launch in other territories, but we'll let you know as soon as we hear something!
Update: PlayStation Blog Europe has posted a few more details about the device. The new PSP will be dubbed the E-1000 and will feature the same matte finish as the PlayStation 3 slim console. As the handheld will lack WiFi, the only way to connect to the PlayStation Store will be via Sony's Media Go software. So, uh, we hope there aren't any Mac users among the E-1000's prospective buyers.
A range of discounted UMD titles is also planned to launch alongside the device, including EyePet Adventures, Invizimals: The Lost Tribes and FIFA 12. Each game in the new lineup will be priced at €9.99.
Strangely, another feature completely lacking from the E-1000: Liquid metal.