wow! an extremely ambitious, and bold project. not at all surprised to hear of such a thing coming out from the brilliant minds who foster the GP32 dev scene - of course, as they've truly taken it over and made it their own (not hard, considering it's open-oource-ness, extremely low profile, and utter lack of a "commercial scene" - and I am praising these things in this case, not damning them!)
i will actually be surprised to see such a device come out of all of this, planning/etc is fun (just like doing HB I am sure) and obviously many people get off on tricking things out/designing weird superspecialized gadgets. but going all the way to completion with it, supporting a scene, and (just as important) making it affordable enough that people will easily want to get in on it, those are definitely hurdles. Still, there's so many other things that are just wastes of time, so it's cool to see people into this.
my reservation, of course, is with the current state of handhelds... GP32 is pretty damn powerful and capable for someone like me (and I am pretty "hardcore" already). All I need is an OC and an upgrade from flu to blu and I'd not want any more, realistically. You can bet I am watching the PSP scene, as many are.. if it develops like it looks like it could (like many of us hope!) then I wouldn't think twice about going that route. Sure, supporting the indie scene is of course very leet and cool, but with a device as powerful and sexy as the PSP (and ohhh, that screen!) and the possibility of enjoy all the GP32 has to offer and then some on a system like that, it already seems to good to be true.
as with anything.. I will just have to sit back and wait, in both instances. COol times to watch, though. I enjoy this scene, always so interesting and fresh!
-r