Just like anything else, there are pros and cons of the PSP

Pros: The PSP is a multimedia system that allows you to play video games, listen to music, and watch videos. Since launch, Sony has added an internet browser with several other internet features such as RSS. As for the core of the PSP, the gaming, it has a pretty good library of games. This year, the PSP will see a lot of great games coming out, such as Crisis Core: Final Fantasy VII and God of War: Chains of Olympus. The PSP also has the ability to sync up with the PS3, and in some cases the PS2. In Japan, there are a lot of peripherals for the PSP, such as a camera, a GPS system, and a TV Tuner.

Cons: It may be a bit of a hassle to update your PSP through firmwares, especially when you buy a new game and find out that you need to update it before you can play it. In order to update, you need to have your PSP plugged in and have a fully charged battery. The internet browser does not work as well as it could (of course, I'm basing this off the older PSP model). It is somewhat difficult to convert your videos into MP4 format, and relabel them and store on your PSP. The peripherals in Japan are not slated for release in the US quite yet. The Memory Stick Pro Duo can be somewhat expensive (although they have gotten cheaper over the last few years).

The PSP is a great system, and is worth the purchase. The PSP's pros outweigh the cons by a lot, especially with all the new updates and upgrades to the system. The new games coming out are impressive. The PSP, all-in-all, is an amazing video game system.

One of the unfortunate things about the PSP is the use of the Memory Stick Pro Duo. Fortunately, they have gotten a lot cheaper, and have gained more storage. You can buy a 4 GB Pro Duo at Costco for about $60 bucks, which isn't too bad considering a 4 GB iPod Nano goes for $150. Of course, since you got the Daxter PSP Pack, you already have a 1GB card. You can compress a good amount of videos on it, and put up to 240 songs (more if you use WMA format).

Of course, the core of the PSP is the gaming. Get yourself a good little library of games, and you should be playing your PSP for a good while. I've had mine since June 2005, and I still play it. Trust me, you have made a wise investment.

Oh, and get the warranty. I never had to use mine, but one time, my friend put his PSP in his back pocket, then jumped into the seat of a large truck and broke the screen. He didn't have a warranty (mostly because he bought a Ceramic White PSP from Japan), and thus lost about $250 dollars. If something similar does happen to you, you can always take it back to Best Buy and replace it, which would save a lot of heartache.

"System Wars" is nothing but foolishness. I don't think Sony, Nintendo, or Microsoft will be "dethroned", although one may outsell the other. The 360 is ahead of the PS3 because of the year's head start, and the Wii is doing better than the 360 because of its price, and appeal to super youth (i.e. my little brother who is eight) and elder adults (those with more interest in minigames than graphics and storylines).

As for the PSP vs. the DS, it's the same thing. The DS had a head start on the competition, had a cheaper price, and an established family of characters (i.e. Mario, Metriod, Pokemon). The PSP is finally beginning to get some traction on the market, though it may not be possible to get to the level of the DS. However, just because one system doesn't beat out the other one, doesn't mean that the company will go down in smokes. Look at Nintendo and the Gamecube. GC didn't do so hot during the last generation, but is now ahead in the current-gen with the Wii. The Xbox was slowly gaining traction, but never caught up to the PS2.

Of course, several posters made the point that an owner will defend his/her product because he/she has invested money into it. Therefore, you will hear a lot of people bashing other systems. Is it right? No, but it is what the internet is for: speaking your uneducated opinion over the web...anonymously (and looking at porn, but that's a whole other subject :P).

I'm terrible at Tekken......

But I still love it. It just takes some getting used to. Once you are able to string together some combos, you should be able to enjoy the game. Try playing it with friends, it always increases the games fun-factor. Last but not least, if you still don't like it, you can always trade it in for another game. Some games arn't as good to some as they are to others.

I think a Blu-Ray UMD would be interesting for the next generation of PSP, but would definitely be a hassle for right now, especially with the fact that a Blu-Ray UMD would not be compatible with the current PSP. It is definitely a good thought though for the next gen.

I do, however, love the idea of a PSP with Bluetooth! Think of the possibilities o_o

Of course, the best games that will most often be suggested are Metal Gear Solid: Portable Ops, Tekken: Dark Ressurection, Final Fantasy Tactics, and Grand Theft Auto: Liberty City Stories.

However, other games that I have played that were enjoyable, although arn't as often suggested, include Naruto: Ultimate Ninja Heroes, Loco Roco, the Metal Gear Acid games, Tony Hawk's Underground 2 Remix, and Warhammer 40,000: Squad Command.

The PSP has a lot of gems, most of which are buried due to poor reviews, or overshadowed by the fact that they are ports of the PS2 version. Fortunately for you, this year (especially March) is in for a huge wave of highly anticipated games.

I've seen it for a little less than $60 dollars at Costco, but no cheaper anywhere else.