Looks like someone at Sony Ericsson noticed the same trend I did, that is that smartphones are the future of the mobile gaming. This is a topic I have covered here: Click Here for reference.
Yesterday they announced the Xperia Play, an Android OS powered phone with a slide out PlayStation gamepad and a Sony PlayStation application pre-installed. Also will launch with around 50 titles when it is released.
The device will come with Android 2.3 Gingerbread and the following hardware specifications: