Things that will be coming in the wake of the psp, once these get hacked seem 
like they will have more uses.
One candidate is the gizmondo:

http://www.gizmondo.com/unit/

 Features
�       Gaming
�       Camera
�       Music Player
�       Movie Player
�       Messaging
�       GPS
�       GPRS
�       Bluetooth
�       Power

 * CPU: 400Mhz Samsung ARM9 processor (Samsung S3C2440)
    * GPU: Nvidia GoForce 3D 4500 (128-bit bus Graphics Accelerator)
    * 2.8" TFT color screen (resolution TBD)
    * GSM tri-band for world-wide celluar phone network
    * GPRS (General Packet Radio System, for mobile data networks)
    * Eight-way D-Pad
    * Left and right triggers
    * Four face buttons
    * Bluetooth class 2 wireless network for multiplayer gaming
    * MMC/SD Flash Memory Card input
    * built-in digital camera
    * built-in GPS (Global Positioning System)
    * SpeakerM
    * Temperature range 0C to 55C
    * Predictive text input
    * WAP 2.0
    * SMS (Short Message Service for send/receive text messages)
    * MMS (Multimedia Messaging Service, for send/receive of text messages, 
images, audio, and/or video clips.)
    * MP3 Music playback
    * MIDI/WAV formats
    * MPEG 4 video playback
    * Mini-USB client (for connecting device to a PC or adding accessories)
    * Removable SIM card
    * Removable battery
    * Polyphonic ring tones
    * Stereo headset socket for MP3 and games
    * Flight mode 

Operating System Specification

    * Windows CE .Net 5.0
    * Windows Media Player 9
    * Gizmondo Launch/Menu Application
    * GPS tracking application
    * GPS mapping and navigation application
    * Digital camera photo application
    * Messaging application
    * 3D Games engines
    * X-Forge 3D engine (provided by Fathammer)
    * OpenGL-ESM (3D Graphics API)
    * D3D-Mobile (DirectX Mobile)
    * M3G (Mobile 3D API) 

Rumored and Unconfirmed Specs

    * Web Browsing Application
    * Email Application 

This has more everyday uses out of the box, and not knowing ARM processors
well I am geussing that this one is comparable to the psp one as far as being 
capable of more work/mhz. And it has 100 more mhz.
I can't tell who has the bigger screen size. I'm headed back to try to 
understand how the data is stored. I don't know if this: " Mini-USB client (for 
connecting device to a PC or adding accessories)" means you could attach 
external drive devices but if it does that means more possibilites with out 
monkeying with the intended os (at least to my limited understanding).
                                                                                
             John
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