We must say thankyou to several people for pointing out to us that Sony Computer Entertainment Japan has registered PStwo as a trademark, over in Japan, surely shedding light on the future of the market-leading home console.
Indeed, this news almost certainly points to a cut-down budget priced PlayStation 2 launching in the not too distant future, in a PSone style.
Expect something more concrete closer to the launch date of the mystical PlayStation 3 in 2005.