MobileToday (linked above) is reporting that there is no PSP phone as Sony refused Sony Ericsson to use the PlayStation brand after pitching to the board late last year.
Apparently there has been a fall out because of the refusal to use the PlayStation brand, so a PSP phone is looking far less likely now.
To quote: Sony is understood to have refused to allow Sony Ericsson the use of its PlayStation brand, after the handset manufacturer presented a pitch to the board late last year.
Sony Ericsson was planning to develop a PSP phone to capitalise on the growing success of the gaming sector, and after the success of Cyber-shot and Walkman handsets.
Sources said the refusal to sanction the brand on the handsets in December has prompted a fallout between Sony and the mobile phone joint venture.
Several sources close to the matter claimed Sony executives told colleagues at Sony Ericsson that it would only license the PlayStation brand if and when Sony makes handsets independently - effectively pushing for an exit From The joint venture with Ericsson.
More PlayStation 3 News...