The complete gaming industry is buzzing with anticipation on the expected announcement of the Sony PlayStation Portable 2 or PSP2 at the PlayStation Meeting in Japan.

The PlayStation Meeting kicked started at Thursday, 6 a.m. (GMT) in Tokyo.

While media reports on the expected launch of the PSP2 is aplenty, the details are scare, besides the mock-ups of the product doing the rounds on several websites.

Martyn Williams (@martyn_williams), the Multimedia Ed & Tokyo bureau chief at IDG News Service, is tweeting live updates.

Williams posted on Wednesday,Big day tomorrow. #Sony is tipped to show the #PSP2. OLED screen, Android and 3G reported.

The Twit picture was that of PlayStation Meeting invite by Sony. The invite confirmed the announcement of PSP2, along with features like OLED screen, Android operative system and 3G connectivity.

While gamrConnect reported that Android reference might be in regards to Xperia Play; it is the anticipation on the PSP2 that is grabbing eyeballs. Engadget, which has begun a live blog on the event, remarked, The presser will be conducted in Japanese, and we're wired in with an earpiece for live English translation. If the service breaks down on us we'll probably just spam these updates with PSP2 PSP2 PSP2 PSP2 etc.

In a related development, ahead of the Tokyo event, Sony late Wednesday said that it would soon push out a 3.56 firmware update for the PS3. The company did not devulge on any details other than stressing that it would add a security patch.