I purchased mine and not long after realized that its a load of crap!
The only thing good about it, is that it is portable, other than that i do not recommend buying one.
Graphics are no where near PS2 graphics and the sound quality is not good.
I bought this before my 360 thinking at the time that this costs half as much and i can take it out with me, after about 1-2 weeks of purchase i wished i payed that extra money and bought the 360 from the start!
I own:
PS
PS2
PSP
Xbox 360
Nintendo Wii