Sony has given a name to the tech that runs the PSP Remaster series of PSP to PS3 HD game remakes, according to Andriasang. The name? It's called the PSP Engine.
The engine was shown off by Sony's Kentaro Suzuki during a session at the Game Tools & Middleware Forum 2011 event in Tokyo.
The specs include:
High res rendering
Control (with Dual Analogue support) through wireless controllers (Dualshock 3/Sixaxis)
3D stereoscopic output
Ad-hoc Party unification
Main memory and graphic memory expansion
Common save data