Amid high levels of anticipation, Sony unveiled the successor to the Playstation Portable or the Playstation Portable 2 (PSP2), codenamed the Next Generation Portable (NGP) at the PlayStation Meeting in Tokyo.

The NGP features a 5-inch OLED touchscreen with four times the resolution of the current PSP resolution. It also boasts of 3G and Wi-fi connectivity, a new flash-based form of storage media, two micro analog sticks, six access controls, front and rear cameras and a touch pad at the back.

The PSP2 launch titles will include Hotshots Golf, Killzone, Little Big Planet, WipeOut, Resistance and  Uncharted, informed Kaz Hirai, the President and Group CEO, Sony Computer Entertainment.

PlayStation boss, Shuhei Yoshida demoed PSP2 with Uncharted. Yoshida controlled the character, Nathan Drake, with the touchpad and an in-built gyro.

The latest handheld device has already begun to awe the gamers with its ability to handle games like the Unchartered and the massive improvement potential it holds.

The NGP will be available in 2011 holiday season. Pricing details are yet to be announced.