Check out the video. I love the design and I’m sure it’s going to be very popular with hardcore gamers. A great OS and a Playstation controller is all that you need if you don’t care too much about your privacy and want to have lots of fun.
There could be some problems though. The phone probably won’t have a dual-core processor and Android is seriously limiting the amount of memory available to apps. Maybe Sony Ericsson found a way to allocate more resources to PS games.