Sony Computer Entertainment Europe (SCEE) announced that the PlayStation Portable handheld entertainment system will be launched in Europe on 1st September 2005 and will be available in a single version Value Pack, priced at €249 (£179). The PlayStation Portable Value Pack contains an added-value package of accessories and entertainment content, including the PlayStation Portable system with a pouch, 32MB Memory Stick Duo, Battery Pack, Headphones with Remote Control, AC Adaptor, Wrist Strap, cloth and a video/music/game sampler Universal Media Disc (UMD) including several non-interactive game demos. PlayStation Portable uses a newly-developed proprietary storage medium named Universal Media Disc (UMD). This high-capacity optical disc is the next-generation compact storage media, and although only 60mm in diameter, a UMD can store up to 1.8GB of digital data. Check full story for details.