The Kind Of Graphics Possible Via Imagination Technologies New Chip.

But alas, no. Sources have other ideas. In fact they're rumouring that the PSP 2 is very, very much in development.

A press release from British company Imagination Technologies Group this week suggested a license agreement with “a major consumer electronics company". Industry sources are claiming that company to be Sony, and the licensing to be of the SGX55x graphics chip which will slot inside the PSP2. The secrecy on Imagination's part is said to be because Sony are unwilling to announce a PSP sequel at this point, which makes sense with PSP Go releasing later in the year.

The specs of the new chip are as follows:
[quote]
PSP GPU Specifications:
166 mhz core speed
2 MB VRAM
Up to 33 million polygons per second
664 million pixels per second (fill rate)
PowerVR SGX530 Specifications:
200 MHz Core Speed
13.5 million polygons per second
1200 million pixels per second (fill rate)
DirectX 9 Shader Model 3 support / OpenGL 2.0
128-bit color precision
Multi-sampling and anti-aliasing</blockquote>

Note the specs listed above are from the SGX530 chip. The under-development SGX55x said to be implemented in the new PSP will apparently be more powerful The screenshot above gives an idea of what will be possible with the new chip.