After looking on 'The Magic Box' i found this:
"Sega announced Phantasy Star Portable for PSP, a portable version of Phantasy Star Universe, featuring additional missions and stories not found in the console version. The game supports multi-players over WiFi, up to 4 players can cooperate in Ad-Hoc mode. The game is being developed by Alfa System, scheduled for 2008 release."
Thats... cheap? So basically, the PSP version is going to be better the console versions - wtf?
(Link - http://www.the-magicbox.com/gaming.htm)