Although this is most likely FAKE here is what the "rumored" list of features are said to be:
Game:
* PLAYSTATION 3 Network titles can be played under PSP [Remote Play] under Game. The PSP is then used as a monitor for any game playable in Playstation 3 game console.
Network:
* Real, Quicktime, and WMV audio and video codecs are now supported.
* [Shockwave Player]has been added as a feature.
* PSP web browser has been updated to allow compatibility with current websites.
* [Adobe Flash Player 9] has been added as a feature, using the Memory Stick Pro Duo as flash memory.
* [Remote Play] has been improved by the PS3 outputting 1080p to the PSP with larger icons text and better video quality. Remote Play now transmits at 11 mbps per sec.
* 802.11g support has been added as a feature.
* PSOne games can now be downloaded without a PS3
* Level 6 has been added to rate in Sony LocationFree Player to improve picture quality in H.264
* [Auto Connect] has been added as a feature
Music:
* More visuals has been added as a feature.
Video:
* Real, QuickTime, and WMV audio and video codecs are now supported.
* RSS [Video Streaming] has been added as a feature.
* [Color Configuration] has been added as a feature.
* Recording has been added as a feature under Audio and Video RSS Streaming.
Other:
* Copy, Command, Paste, Auto Complete, and Advanced Cookie Management has been added as a feature.
Now if only this was real that would truly allow the PSP to go beyond where portable gaming has ever gone. Sony were looking at you make this a reality.