I ended up spending a good portion of the day hiking all over Manhattan. The first two places we stopped in were completely sold out. I called J and R and they told me they were only accepting telephone and internet orders. I could not pick it up in person. This surprised me a little since J and R never seems to sell out. Unbelievably Circuit City in Union Square still had units in stock. Even more unbelievably they were carrying the least expensive bundle I've come across. I was only required to buy one additional game.
After some initial hands on time I have to say the Sony PSP is amazing. I love my little GBA SP, but it has some annoyances. My hands cramp up after long play sessions and that I cannot use standard headphones is lame. The fact that the original GBA did not include a backlight is just plain criminal. Now that I've played the PSP I personally feel the big N has something to seriously worry about.
A short list of things that are really cool about the PSP:
Audio and Video playback
There is a bunch of great coverage out there so I won't repeat what's already been written. All I can say is I haven't been this excited about a gaming system release in a long time and as far as I concerned this is one of the few times that the experience lives up to the hype.