As you might have suspected with the recent reveal of the NGP, Sony has today announced that the PSP-3000 system will be available for a new low price of $129.99 (MSRP) beginning this weekend – February 27, 2011. That’s a pretty nice savings off of the current retail price of the portable entertainment system, which has been going for $169.99 as of late.

















In addition, the PSP’s “Greatest Hits” and “Favorites” collections are being expanded to ensure you’ve got some good games on the cheap to go with your new handheld console. The additions to the $19.99 PSP Greatest Hits library include Assassin’s Creed: Bloodlines, DISSIDIA FINAL FANTASY , LittleBigPlanet PSP, METAL GEAR SOLID: PEACE WALKER and Toy Story 3: The Video Game, while Daxter, Tomb Raider Anniversary and more are now priced at $9.99 as part of the PSP Favorites library.