"The audience bellowed when Microsoft showed PSP as a connectivity device for the Xbox 360 on a slide during their Electronic Entertainment Expo press conference, but it wasn’t just laughs. An Xbox 360 development kit has fallen into the hands of PSP Vault user ‘misterDNA’, who quickly hooked the handheld up."
"The PSP connects to Xbox 360 like any other USB device, and once the machine recognizes the PSP, you’re able to browse stored images at full screen and stream MP3 files stored on the memory stick. That’s the extent of the PSP/Xbox 360 connectivity, but you can’t do anything like that with your PlayStation 2."
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