With a 1GHz Qualcomm MSM 8655 processor, 512MB RAM, 1GB of ROM and a screen that’s going to measure somewhere in between 3.7 and 4.1 inches, the PlayStation Phone is all to real and will most likely be using Android 3.0.

It’s buttons and multitouch touchpad are born and bred for games, and a Sony Marketplace will let you purchase games that were made for the PlayStation Phone. Storage for the games? A microSD slot, on top of the internal memory we know nothing about.

Will you be getting a console phone for the holidays? Not likely, but also not impossible. With this still being just a prototype, a 2011 release is more much probable.

Note: We find this image very questionable since it so closely resembles an Xperia and the PSPGo smushed together.  More to come.