Sony has unveiled its new handheld and its not called PSP2. The Sony NGP, Next Generation Portable, will have a 5-inch OLED screen, capacitive multitouch, a rear multitouch surface, motion control, 3G, 2 full control sticks, PlayStation Suite support, a quad-core CPU, a quad-core GPU, and be capable of playing full PS3 games. A complete report of the unveiling is below.