"The D-pad is here, but instead of the small joystick, the device will have what was described as a “long touch pad” for analog controls, along with standard PSP buttons and shoulder buttons. The phone has a large display, described as being between 3.7 and 4.1 inches with WVGA or better resolution, a 5 megapixel camera that we’re told might not be final, and it’ll likely have a 1GHz Snapdragon CPU on board. The phone is mostly black with some silver highlights, and the gamepad area is white / silver in color. Apparently it’s currently branded as a Xperia device, but it looks like it will carry PlayStation branding as well."
Not sure about you, but this is getting me pumped for TGS.