Everyone has been waiting on news of some magical PSP phone from Sony. It may be awhile, so in the meantime, Petros Stambolis has gone ahead and designed a new Playstation Compact, a digital camera that looks like a PSP was cut in half.

Sony should probably consider making this one, though I’m not sure how it would go over. It has some pretty nice features. The PSC (Playstation Compact) implements the Digital Living Network that allows you to share photos, videos as well as sharing real time screen time with a PSP. Pretty interesting even if it does look chopped in half.

It’s a fairly good design that makes the PSP even more portable, but I don’t know about playing games on this one.

[Design Launches]