This is a video of what purports to be the fabled PSP phone that has been rumored for, oh, I don't know, forever.* Can the excitement though, guys, because you're not going to see the most interesting part of the device, which is the slide-out D-pad.
Reportedly boasting Gingerbread and a 4-inch display, not much is known about the PSP phone other than that it may launch in February of next year. According to TechBlog.gr, the device is called the Sony Ericsson Z1 and has a pretty responsive touch screen along with four physical buttons along the bottom of the device. It also has an 8-megapixel camera with an LED flash. Though we don't see the slide-out D-pad, TechBlog.gr says it's exactly like those leaked photos we saw back in October.
Check the video below for camera work so shaky, you might actually get motion sickness. Things calm down (and the cameraman gets closer) at about the one-minute mark, if you can stick it for that long.
*Three years is lifetime in this industry.