Either you're being sarcastic, or you're touting bull****.
Also, I don't know how the PSP being a little less powerful (yes, a little. While the mem size is less, the bus speed is greater, and the chips aren't that bad. Besides, there are videos of the PSP in action.) than the PS2 is a big deal. And to me, why should I own 3 devices (port dvd player, mp3 player, gaming system) when I can buy a powerful gaming system with tons of good games for it that does more. The fact that Sony, if they're smart, will make UMDs widely available and burnable only enhances this.
Now don't anyone get me wrong, I'd take a DS any day. But for 50 bucks more, I'll take my PSP. I don't see how anyone can make the PSP's extra functions into a bad thing, seeing as how it doesn't really affect you if you don't want to use them. But if you do, it's an awesome extra.
And why would Sony try to replace the CD? That's ludicrous. Maybe on THEIR systems (seeing as how they're just now coming out with everything that uses the UMD, which is 1.8 gigabytes, not 1.5) they would want to, but I don't have a problem with it as long as I don't have to pay any extra taxes or money for it.
Not to mention the N-Gage wasn't beat by the GBA--it was never even a contest. The N-Gage was so poorly designed, with such crappy interface and graphics and launch titles and titles PERIOD, that even though the GBA was inferior, the N-Gage basically had no chance. At only 70 dollars as compared to 300, sporting games at 20-40 dollars instead of 30-50, easier to use, more fun, more varied games...the GBA easily won. It had nothing to do with anything else.
Finally, don't forget that this is just my opinion, and the opinion I share with other board members. If you think the DS is better, fine, but to me, I can't see either being the BETTER of the two, only the DS being a bit cheaper, and maybe a bit better on battery life (though I do remember seeing relatively similar figures from Nintendo, iirc). It is, of course, down to your interests as far as which to go with.