Just to piss people off I am not reading this thread right away and just posting (hey, it is 1:30 in the morning here, and I own both systems).
They both suck, and for nearly the same reason, NO KEYBOARD. GP because of crap support, and PSP for no support.
The PSP has a useless
Metal optical drive that makes the unit very very heavy. The GP isn't designed very well or built very well, in case many of you don't know the stick is a cheapo off-the-shelf that isn't meant for a game system, and no it wasn't changed in the MK2, I have had 4 GP2X's and I should know, oh yeah, I also repaired a 5th.
Um N64 and PSX Emulation, the PSP wins, hands down, no contest. Same with Wifi, takes the ultimate cake.
Screen is pure crap, blurry. Mario on the N64 has a red hat, the hat smears heavily into just about any background color, the PSP just has a cut-rate screen. The GP2X MK2 screen is a bit better, but the MK1 screen blows it away, it is viewable from much more natural angles and has better contrast.
The GP2X, is great if you understand Linux, ARM, or programming, or just like Genesis/MegaDrive or SNES emulation.
IF the USB debacle is ever sorted out it will have a much bigger edge, keyboard support has kept me off the console for 4+ months now, well the crappy stick and no USB joypad support has helped.
TV-Out, the GP wins hands-down. Unfortunately we have no access or documents on the handling of the TV-Out, so it always looks like crap, unless we happen to have a perfectly encoded Divx to play on it, right, you can get a Divx player for $43 at Wal-Mart.
My perfect hand-held?? Well, ASUS just announced a kick-ass $200 7" laptop that will apparently have some sort of Intel chipset, VGA and 3 USB built into the sides, and I think it is set to weigh very very little and have Wifi built-in. Oh yeah, it will be running Linux with some sort of MS Office compatible suite pre-installed in its 1GB flash memory, and a killer 512MB of RAM. I of course am shooting for the $300 10" version. I hope the media is CF cards, because the 4GB cards are only $35, swap an OS anyone?? (XP lite, 98 Lite, Sabayon, Ubuntu and even a Dos distro sound nice to me
, I can have a card for every OS)
Sorry, I just need all that functionality, Who wants my PSP and GP2X, all accessories I have included? (soft cases, chargers, batteries, memsticks/cards)