Hey, I'm impressed. Sony actually executed this thing pretty flawlessly. Games running in real time, clearly playable...that's a big step forward! No obvious blunders apart from perhaps the carts, but that is offset by all the download options. And Call of Duty and Monster Hunter ready to go? UE3 running? Uncharted running? If it can do all that, it can handle any old balls the likes of Koei dream up. Selling apps and games for it is also a very good move, if a tad predictable. That pretty much guarantees that you'll always have something to do, or some reason to look at the store. That's not the case right now.
Then again, it's totally a hardcore machine, and it might take years to get a decent install base. I have no idea. But I want one! All I've been asking for since PSP was unveiled was a portable FPS with that level of presentation with decent controls. Looks like we'll get oodles of them, and plenty more besides.