I refuse to buy unless they give a way to transport old UMD games over/give Europe PSN vouchers.
They won't do either.
I do plan to get a PSP at some point, as Jak and Daxter, LittleBigPlanet and Kingdom Hearts will probably justify the purchase alone. It just will probably be a 3000, and not this suspiciously MYLO looking thing.
It's not a bad design, just not a great one. What's more embarrassing for Sony and what many have pointed out is, someone made a mockup fairly similar to this that looked helluva lot sexier.
A professional company can't do what a photoshop guy can.