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I realize this isn't the best place to find a fair and balanced view of the PSP, but rumors of its weak library are greatly exaggerated.
No, it's actually the inverse truth. The PSP somehow avoids mainstream review wrath for its incredibly weak library. There are three major reasons the PSP library is so impotent, and all reasons are due to misplaced sales.
Reason 1: Too many ports. I mean seriously. This is not overstatement. Every game that is announced for the PSP has a 80% chance of being a PS2 port. This really wouldn't be such a problem if the gaming public at large were not already tired of everything the PS2 had to offer, and it really wouldn't be so bad if every other PSP wasn't some sort of old game redressed.
Reason 2: Not enough originality in the original games. The actual original content on the PSP is sometimes a continuation of a series on the PS2, so to the untrained eye it may just as well be another PS2 port, which is already an unappealing proposition.
These two reasons are linked for a quite disturbing realization. The ports are outselling the new PSP efforts by a tremendous factor. The PSP game-buying audience is telling the 3rd parties and Sony themselves that they do not wish for new and original games. They are happy with PS2-ports.
And Reason 3, and this one's the biggie: PSP owners by and large don't really seem to care about GAMES much. Seriously. Check out any community on the internet about the PSP and you'll see what I mean. topics about firmware and emulation, ISOs and bittorrents, hacks and homebrew, but never about the new GAMES coming out. And people think third parties having to compete against Nintendo on the DS is tough. The PSP offers a tougher adversary. Owner Apathy
And the PSP does get a fair look around here. But not balanced. The DS is not equal to the PSP. The DS is much much greater.