Pachter: PSP Go is priced "too high," won't have significant impact on PSP sales

Speaking with VG247, Wedbush Morgan analyst Michael Pachter took the PSPgo to task, explaining that - without a price drop - it probably won't be anything more than a teensy blip on gamers' radars.

"The Go is just priced too high for the perceived value. It may play music and movies, but most think iPod Nano ($149) or Touch ($199) for that, and it is very expensive for a portable gaming device. I don't see it boosting overall sales, and without a price cut, 3000 sales are likely to be down year-over-year," he said.

"I think Go will sell 400,000 in the US, 400,000 in Europe and 200,000 in Japan through March. Most of those units will be incrementan 'replacement' sales as people trade up, and they may dampen PSP-3000 demand by half that much. The 3000 is selling at last year's price in a worse economy, with new competition from a sub-$200 Wii. I think overall PSP sales will be pretty similar to last year's, maybe down a small amount."

Hear that, Sony? Pachter watches everything you do for a living. He might have a point.