Engadget has posted a picture/prototype of the upcoming Playstation Phone. Which was once a rumour a couple months ago, is now true, as it is headed to the market soon sporting the Android 3.0 OS. A Sony marketplace similar to the App store for the iPhone is also said to be available.
The model above is said to be a prototype, and a custom skin would be applied. Rumours are that the release will be sometime in late 2010; however, a 2011 release is more likely.
For more information and pictures, hit up Engadget.