20th Anniversary 2007 The PlayStation Portable (officially abbreviated as PSP) was a handheld game console released and manufactured. Its development was first announced during E³ 2003, and it was officially unveiled at a Sony press conference before E³ 2004. The system was released in late 2004. The PlayStation Portable had the ability to play video games, watch videos, listen to music, and view images. The PSP was also one of the first wireless handheld systems, bearing an inbuilt Wi-Fi adapter that permitted Internet browsing as well as wireless local play for select games and use as a 'second screen' for the.