The specs are apparently pretty high. I think Engadget suggested it was going to have 1 GB of ram, which is more than the PS3 and Xbox 306... If it has a processor to match, this phone may be able to do things.

I mean, dual analog sticks is only a start... without a second pair of triggers (R2 + L2) you couldn't play modern shooters, which I think if they did put a Call of Duty/Battlefield on there which looks as good as the console brethren (or better considering the specs) it could be an incredibly fun device. I think the Market is huge because so many people play games on phones but none of them really use buttons, a lot of gaming people wish they had buttons on their iPhone, and with powerful hardware this could be insane.

I mean, yes, people want small little bite-sized experiences while they're on the go, but if you think about it, you can finish a Team Deathmatch game in Call of Duty in 5-10 minutes, who wouldn't rather be doing that?

Lastly, I've had a PSP for little under a year now and it's been a hell of a lot better than 4+ years of owning a DS. It gets a ton of use because I have a PSPGo, which I honestly would not have bought if I had to paid for it myself, but it's portability makes it worth it because of how nice it fits in your pocket as an MP3 player. Also having FFVII-IX + Tactics on one machine without having to swap discs hands down beats anything Nintendo could throw at me. Even if you want to talk original games, I've seen a nice list of titles that aren't afraid to match up to their console brethren. I know everyone says there's tons of great DS games out there, you just have to look for them yourself, but everytime those people say that they mysteriously disappear from the thread once we ask them what games they're talking about.