The PSP 1001-K feels very chunky and clunky in the hand, especially after using the slim PS Vita model. But it's still a good buy if you can find it for less than $80 as, unlike the Vita, it has a massive library that will please gamers of all genres. I know some might think that the Vita can't play the PSP and PS One libraries, only those that were released digitally, referring to some great games like Crisis Core: Final Fantasy VIII that are only physical are. It can also play imported games. The only downside is that you cannot use the PS3 to install games as Sony has stopped supporting online features for it and you cannot update the software to the latest update. It's better than the Vita in some ways with the original size and variety of its library, but I'd definitely check the PS Store first to see what's in there and what's not.
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