Rumor: PSP2 uses memory sticks and has around twice the RAM of Xbox 360

Another day, another bit of rumored spec for the elusive PSP2. You love it though don't you?

Of course you do, and today, there's talk that the new device will allow the use of memory sticks and also rivals the processing power of Xbox 360.

Sources close to Kotaku who were privy to Sony's internal meetings during TGS in September, have confirmed the larger HD display and the panel on the back with a mouse trackpad, dual analog sticks, and being UMD-free.

That's all well and good, but the latest rumored specs has games able to be stored on a memory stick as an option. However, that last part is still up in the air with Sony, as it's trying to figure out "what the final non-UMD storage solution will be for the PSP2". Memory sticks sounds about right though.

The site's sources also told it that the new device has a massive amount of RAM for a handheld, which is twice what is included in Xbox 360 and hits at 1GB, compared to the 64MB of PSPgo and PSP 3000 .

Xbox 360 has 512MB of RAM and runs on a 3.2 GHZ CPU.

In comparison, Kotaku has also been told 3DS "will be as powerful as" Wii's 64MB of RAM, "a special processor clocked at 729 MHz".

Sony has said it's all rumor and speculation, of course, but it sounds like whatever is being put into it will make it one powerful little handheld machine.

Hopefully something will be revealed soon so we can all start planning a purchase at the end of next year.