The release of the Sony Ericsson Playstation Phone or the PSP Phone has been one of the most rumoured news in the mobile world. The rumours have been circulating the net ever since Sony Ericsson gave the Walkman and Cyber-Shot branding to their phones. Some said that Sony lost sales of digicams and walkmans due to the phones branded with the Walkman and Cybershot and so they would release the Playstation phone independently ie it would be called the Sony PSP Phone and not the Sony Ericsson PSP phone. The rumours faded away with some resurfacing from time to time. But now engineers at Sony are developing a phone that will be able to download and run Playstation games. kind of like a mobile version of the PSP Go. Sony is also said to be working on an Apple iPad like device with gaming capabilities. This move might have been initiated due to the ever growing market for mobile phones particularly in the past year or two. Let’s wait and see if all this is true.