Sony just announced the new PSP dubbed PlayStation Portable Go. The new handheld is boosting a 3.8" screen and is 43(!) percent lighter then the current PSP-3000 model. Among other features they've added Bluetooth and support for Memory Stick Micro, which is sweet considering the size of the old memory card. And as with most PlayStation things now a days, it will fully integrate with your PS3 and PSN.
They have also - finally - decided to kill off UMD. Go won't allow you to use your old movies and games. Which is actually a good thing. Probably with the newly added 16 GB flash memory, you'll might be allowed to copy your games onto the system itself for play.
They also announced a new Gran Turismo, Little Big Planet and Metal Gear Solid game as well, with no more information then those three games being in the works.
All in all, this looks like a great kick-off for tuesdays E3. Stick with Gamereactor for the hottest news straight from the show floor the coming week. Our staff will be bringing you the best of the best, and probably some of the worst starting with the Microsoft press conference tomorrow.