At its Gamescom 2011 keynote, Sony announced that it would be cutting the price of the PlayStation 3 around the world. However, the company also made a splash with the revelation that it plans to ship a new "value priced" PSP this coming autumn. Set for release in only Europe, the new PSP, dubbed the PSP-E1000, does not have Wi-Fi and will be available in PAL regions with a €99 price tag.
"While PSP-E1000 does not include Wi-Fi, it will still provides access to the full catalogue of PSP games either on UMD or from PlayStation Store via Media Go," Sony said in a blog post on its European PlayStation blog. "The design is also slightly different, with a Charcoal Black finish – the same as on the slimmer PS3 model – to give more of a matte feel."
Sony said that the goal with this handset is value for money, but it doesn't look like U.S. gamers will get any of the action. This Is My Next cites a Sony representative that "explicitly" said it's not going to be coming to the U.S.
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