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Sony might as well just thrown some money away.
Hell i bet there are kids today who doesn't even own a PS2 let alone a ps3, this is a good move. Making it more cheaper and better more kids will be able to afford it. Thus allowing them to increase money, after all everyone even me still plays with PS2 games, even though i have a PS3.
I actually want to see some pic's of the red PSP.
EDIT: The PSP in red looks cool, i just wished the PS3 came in red or blue to the public
Don't think they should be throwing a great deal of money at this.
A new model of PS2... WHY? >.