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.
Also, you might want to check out the trailer for Cold Fear coming from UbiSoft. Looks to be another buy for you survival-horror fans.