Sony announced a price drop for the original PSP will be coming Sunday February 27th. The new price for the PSP will be 129.99. Sony also announced that they will be adding new favorites and greatest hits games:

New PSP Favorites Titles ($9.99 MSRP)

Crisis Core: Final Fantasy VII (Square-Enix)

Daxter (SCEA)

Monster Hunter Freedom Unite (Capcom)

Killzone: Liberation (SCEA)

SOCOM U.S. Navy SEALs: Fire Team Bravo (SCEA)

Tomb Raider Anniversary (Square-Enix)



New PSP Greatest Hits ($19.99 MSRP)

Assassin’s Creed: Bloodlines (Ubisoft)

Dissidia: Final Fantasy (Square-Enix)

LittleBigPlanet (SCEA)

Metal Gear Solid: Peace Walker (Konami)

Ratchet & Clank: Size Matters (SCEA)

Resistance: Retribution (SCEA)

Toy Story 3: The Video Game (Disney Interactive)

Source: GameInformer