[update: Replaced cam footage with direct-feed version of the trailer]

Here’s an NGP video that you can watch in up to 720p from Sony’s press conference held recently to announce their new portable system coming out this holiday season. This is the best way available right now to see some of the graphical capabilities of the NGP. We’ll let you know when screenshots start to be released. Enjoy.

-Miyamoto

Sony had their conference launch conference for their upcoming handheld that will battle Nintendo’s 3DS in the dead of the North American night last night, so here are the details on both the PSP2 (now officially known under its working name “Next Generation Portable”/NGP) and a new service called “Playstation Suite”:

• Playstation Suite allows devs to port PS1 games to Android-based smartphones

The NGP:

• Will be able to play content made in Playstation Suite
• Will be able to play downloadable PSP games from the current generation
• Has built-in wireless N, 3G, and GPS network capabilities
• Will no longer use UMDs, now using flash-based SD card-like cartridges that will hold the game, its save file, and any DLC that comes out for the game (see picture of cartridge in gallery at the bottom of the page)
• Will be out this Christmas season in Japan (and possibly worldwide).

Find out all about the NGP’s specs, features, and announced games after the jump…

(more…)