In addition to the basic features of a game console, PSX will offer a DVD recorder, a 120GB hard drive, a TV tuner, an Ethernet port, a USB 2.0 port and a Memory Stick slot. The PSX shares a number of components with PlayStation 2, including the Emotion Engine processor and the operating system. But the company tried to design it as a "digital appliance of the next generation," and as more than just a game console, by infusing the elements of a PC and an audio-video appliance, said Ken Kutaragi, head of Sony Computer Entertainment.
I more expensive model has a 250 GB HD. Some screenies.