Will Consumers Pay Up for the PSP Go?

PS3 Informer writes:

"Financial analysis firm Sterne Agee echoes our concerns: the current model PSP is already too expensive for many consumers, and in need of a price cut. Introducing a new, more expensive model might appeal to hardcore gamers, but will fail to win wide market acceptance above $200.

Several years ago, the introduction of a new tech gadget, not matter what the price, was met with throngs of early-adopters ready to form a queue to part with their money. Now, with the economic recession firmly hitting home in households across Europe and North America, those heady days are temporarily behind us."