http://www.gamespot.com/news/2004/05/11/news_6097116.html
Unfortunately I don't have Gamespot Complete, but from the screenshots, I would say the graphics are equivalent of the PS2. I was kind of disappointed that there wasn't an analog stick though, oh and it's missing the L2 and R2 button.
Games announced
Games
CAPCOM
Vampire Chronicle (tentative name, fighting)
Devil May Cry Series (tentative name, stylish action)
Viewtiful Joe Series (tentative name, VFX action)
GENKI
Tokyo Xtreme Racer (racing)
KOEI
Shin Sangoku Musou (tentative name, action)
Strategy Game (tentative name, simulation)
Table Game (tentative name, table game)
KONAMI
Ys VI: The Ark of Napishtim (tentative name, action-RPG)
Sports Game: Soccer (tentative name, soccer)
Sports Game: Baseball (tentative name, baseball)
Mahjong Kakutou (tentative name, table game)
Meikyu Tansaku Gata Monster Shooting (tentative name, FPS)
KONAMI COMPUTER ENTERTAINMENT JAPAN
Metal Gear Acid(tentative name, genre TBA)
CYBER FRONT
Koron (puzzle/action)
SUCCESS
Kumo nofu ~ Raibo ~ (communication/adventure)
Sho Mate (table game)
Zooo (puzzle)
SQUARE ENIX
TBA (genre TBA)
SEGA
Puyo Puyo Fever (action-puzzle)
Project S (tentative name, genre TBA)
SONY COMPUTER ENTERTAINMENT
Gran Turismo 4 Mobile (tentative name, driving)
Ape Escape (Sarugetcha in Japan, tentative name, action)
Tenken Chimon (tentative name, action RPG)
Doko Demo Issho (tentative name, speaking game)
Hot Shots Golf (Minna no Golf in Japan, tentative name, golf game)
TAITO
Puzzle Bobble (puzzle)
DORASU
Dorasurotto (pachinko simulation)
NAU PRODUCTION
Intelligent License (tentative name, puzzle quiz)
Onryou no Mura (tentative name translates to "Village of Ghost), horror/adventure)
NAMCO
Tales of Eternia(RPG)
New Ridge Racer (tentative name, race)
New Puzzle game (tentative name, puzzle)
NIPPON ICHI SOFTWARE
Makkai Wars (tentative name, simulation-RPG)
HUDSON
Tengai Makyo Series (tentative name, Japanese-style RPG)
Bomberman Series (tentative name, action)
The Tower of Purgatory (Sci-fi action/RPG)
BANDAI
Gagharv (tentative name, RPG)
Mobile Suit Gundam (tentative name, genre TBA)
BANPRESTO
Super Robot Taisen (tentative name, genre TBA)
FROM SOFTWARE
Armored Core Formula Front (mech game)
TOMY
Action Game (action)
YUKES
Pro Wrestling (tentative name, sports)
WORK JAM
Tantei Shinguji Santarou (tentative name, adventure)
Well Sony's vendetta with Nintendo has now extended into the handheld market, almost like some Cold War....
[This message has been edited by Cloud (edited May 12, 2004).]