The only saving grace this psp has is the 64MB of built-in flash memory for bigger and better firmwares, OE and IE specially, and the TV out. IR Sensor was never a big part of my life. I'm going to wait until it is hacked properly, or continue on enjoying my system.
TV OUT is the only reason I would buy this PSP, but Sony should release a TV out usb adapter for the current model so all of us who own a PSP aren't assed out. Mine works perfectly fine with 3.40 OE, and kicks every other PSP's ass on the block. With a memory card loaded with every King of Fighters for the Neogeo, and Street Fighter for CPS-I and CPS-II, not to mention the other systems loaded on the card (it's 4gb), this new PSP does not compare, that is unless it is hacked, and ready to display SvC Chaos: SNK vs Capcom on my TV, then I will probably buy it, but until then I'm sticking to my good old 3.40 OE PSP.
WARNING: because the current PSP models only contain 32MB of falsh memory, it is possible Sony might force us to upgrade to the new system through the use of a larger firmware upgrade than what the current PSP can handle. It might be a shot in the foot for them, but I will be a way to get people to move to "non-hackable" (hehehe, so was the Dreamcast) systems.
NOTE: NJ needs to do emulation for CPS-III on the PSP since it has been decrypted already. It's just a suggestion :D ;).