Ipod Touch - $229 - 1 TouchScreen, Apple A4 SoC (Cortex A8 + PowerVR GPU ~1ghz clock speed), 1 camera, solid web browser/music player etc, some decent games. Sells great at 229.
3DS - $250 -> $300 - 2 screens, (rumoured) 2 x ARM 11 266mhz processors, 1 x 133 mhz gpu (underclocked Pica200 reportedly), 3D OMG NO GLASSES, face buttons, DPad, thumbstick etc for REAL gaming, killer software line up, GHOST DATA. And the usual host of other perfunctory crap (web browser will be shit, won't be as functional or "useful" as Ipod Touch, but we here to play games right?).
DS -

(2 processors 1 x 33mhz, 1 x 66mhz, gpu

)

PSP -

3DS is the first time i've started to consider buying a handheld system at launch, and the first time I've even wanted a handheld since GB colour. Nintendo
