Thanks to an article from Lik-Sang we get a close up look at the upcoming Gamepark GP2X. The Gamepark is a Korean made handheld, that has garnered a community because of homebrew made emulators for the first system. Since the GP2X is Linux based, it is bound to have a bunch of new software written for it.
The GP2X also has a bunch of other features that put it in direct competition with the PSP. It can play MP3s, OGGs, DivX videos through its 20MB of internal memory of from through the built in SD card reader. No games have been announced yet… it is still a game system right?