Sony's John Koller said: "It's a 3.8-inch screen, it's 43% lighter than the PSP-3000, 16 gigs flash memory, Bluetooth support and all digital content so the UMD drive goes away.
"So it's going to be something a lot of consumers like - download straight to a hard drive."
A spokesman for Sony would not confirm the launch of the PSP Go but said any announcements would be given on Tuesday.
Industry leader Nintendo is expected to focus on new software for its popular Wii console.
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