engadget claims to have got its hands on a full-blown 'Playstation Phone' from China. The site has given it a damned good looking at.First thing to mention is that the unit plays games, has D-pads... but it's called 'Xperia Play' from Sony Ericsson.
Engadet says, "Push the screen upwards to about half way and the spring mechanism will take over, thus uncovering the PlayStation DualShock-style gamepad, except there is only one pair of shoulder buttons instead of two, plus we've yet to see if the touchpads can substitute the DualShock mechanical sticks -- they are no doubt reserved for games that are made specifically for the Xperia Play."
The full review is here.