SCEE reveals new PlayStation portable plans

A host of new details about Sony's forthcoming PlayStation Portable (PSP) console have been revealed by SCEE president Chris Deering.

Games for the device will be released on Sony’s new Universal Media Disc (UMD) format, rather than on memory sticks as some had predicted, and Deering hinted that the pricing system for the titles would be flexible, allowing some to be priced significantly lower than others.

Some games, he revealed, could be priced “as high as