Let's face it—we know the NGP is going to cost more than Nintendo's 3DS, but just how much are we talking about? Sony's President Shu Yoshida told Game Informer that "it's not going to be $599." Just for interest's sakes, when the first PSP was released in 2005, it cost $249.

Meanwhile, there'll be a cheaper Wi-Fi only model, for those who don't need 3G connectivity. [Game Informer via CVG and Eurogamer via Kotaku]