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Sony PSP Go cuts price to $199

Sony’s somewhat beleaguered handheld gaming system is getting one more shot at life despite lower than expected sales, and trailing drastically to Nintendo in the handheld market. The new price drop is effective immediately, and most major retailers are now selling the PSP Go at $199.

Even with the PSP Go currently getting a lot of love from Sony, rumors of the PSP2 continue to circulate. Originally many insiders were confident that Sony would publically debut the PSP2 at E3, but instead it surprised almost everyone by reiterating the company’s support for the handheld system which has been thoroughly dominated by the Nintendo DSi. Although the PSP has reportedly sold around 61 million units worldwide, it is nowhere near the Nintendo DSi’s staggering 140 million units– and now with Apple eyeing a bigger share of the gaming market with its iDevices, the future of the PSP Go seems limited.

The price cut could help for the holiday season, but many are still waiting for news on the PSP2, which is rumored to be coming out sometime late next year. While Sony may not have debuted its next generation of handheld at E3, several sources claim that many of the top publishers and developers were shown specs for the new system behind closed doors, and within a few months after that, several of those developers received PSP2 units in house to begin developing titles for the launch of the new system.

But for now, any and all news on the PSP2 is still rumor, as Sony is fairly consistent in refusing anything and everything that is not official.

So will a price drop to $199 encourage you to buy the PSP Go, or is it too little too late?