Wired Magazine reports that the next portable PlayStation will feature an OLED screen and two touch panels and ditch the Universal Media Disc.

Sony recently announced the successor to its PSP. Codenamed “Next Generation Portable,” or NGP, the unit looks very much like the original PSP, but with a more-rounded form factor and two analog joysticks. It will run on a four-core ARM Cortex A9 CPU.

With NGP, Sony has created what looks to be the most-powerful portable game machine ever attempted. Games the company showed at a press demonstration looked very much like and in some cases were ported versions of  PlayStation 3 titles.

The NGP’s 5-inch OLED screen has touch capability, and the handheld also boasts a touch panel on the rear of the device. A game demo Sony showed had a player pushing objects “into” the screen by tapping on the front, and pushing them “out” of the screen by using the rear panel.