Is the PSP phone real? Will it look like this?

​The rumor that Sony would release a PSP phone is very, very old. Since the first iPhone, people have been speculating that Sony would release a gaming-focused phone in response. Now, the gadget gurus at Engadget are claiming that Sony Ericcson will indeed release a PSP phone based on Google's Android platform.

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...it's a landscape slider with game controls in place of the typical QWERTY keyboard. The D-pad is here, but instead of the small joystick, the device will have what was described as a "long touch pad" for analog controls, along with standard PSP buttons and shoulder buttons. The phone has a large display, described as being between 3.7 and 4.1 inches with WVGA or better resolution, a 5 megapixel camera that we're told might not be final, and it'll likely have a 1GHz Snapdragon CPU on board. The phone is mostly black with some silver highlights, and the gamepad area is white / silver in color. Apparently it's currently branded as a Xperia device, but it looks like it will carry PlayStationbranding as well.