Sony Unveils New Portable Gaming System

Sony (SNE) unveiled its new PlayStation Portable device, the Next Generation Portable Entertainment System, or NGP.

The hand-held device has greater motion sensitivity and allows gamers to connect with other users online, Sony said in a statement. The company plans to release the device at the end of 2011.

"NGP is designed to offer unparalleled interactive entertainment that is only possible on PlayStation," Sony said. "Within the device are a range of features that provide a genuinely cutting-edge, next generation ultimate portable entertainment experience."

The system also uses flash memory cards to store games and features two cameras mounted on the front.

The NGP is also compatible with Google's (GOOG) Android software for smartphones, Sony said.

"Users will have access to not only the most leading-edge content, but also some of the more casual experiences that typify the mobile market place," Sony said.