PSP - is it worth the 200 bones?

[Griff]

i've wanted a PSP for a long time. today when i get payed i just might go out and grab me one. but first i'd like to know...
1.) are there any good games? if so, what?
2.) just what all can it do?
3.) is it worth the $200?
~feedback much appreciated

1) to add on to the previous list given, there is also WWE:SvR'06, Burnout, Death Jr. Pursuit Force, Daxter, the Con, and Legend of Heroes to name a few
2) It is essentially an MP3 player, portable DVD player, and handheld in one.
3) Yes