Sony supposed to announce next week the PStwo game console.

The PStwo follows the same concept as the PSone - a smaller version of the PS2 with built-in screen to make it portable.
Several news sources report, including Reuters, about an article on the Hollywood Reporter that talks about the PStwo coming to the US on October 26th.
The PStwo is supposed to be 30% smaller than its the PlayStation 2 and is expected to cost the same price of $149.
Sony might announce the PStwo next week on their annual strategy meeting. No photos available yet of the PStwo. Sony is actually always pretty careful not to leak information before they want it to.