Always outspoken Wedbush Morgan Securities analyst Michael Pachter has chimed in on what he feels is a suitable price point for Sony’s next generation handheld. While Patcher is reserving final judgment until the device is announced, he reckons that the PSP2, regardless of its eventual feature set or capabilities, must be priced at $199 or less in order to have a “real shot” at winning over consumers.

Take it away, Pat-man:

No thoughts on PSP2 until I see the price. I think that the PSPgo is a fine device, but the price point has absolutely killed it. If Sony takes it and makes it more expensive with multiple cameras, I think that they will destroy the brand. The only way I can see a PSP resurgence is to price it below the iPod Touch, which is a versatile device with a really great display. The PSP2 has to be priced at $199 or lower to have a real shot. If it has a Cell processor, that price point isn’t likely.

What’s your take? Would you consider investing in the PSP2 if Sony decides to forgo Patcher’s advice and stick with a price premium of $250 — or even $300?

Pachter’s Podium: PSP2 Must Be Priced at $199 or Lower, Nintendo Has Lots of Naysayers to Silence [Industry Gamers]

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Read more: Pachter: Handheld Market Reaching Saturation, PSP2 ‘Dead On Arrival’,  Apple Takes Jab At PSP, DS Game Pricing At Conference,  Pachter Changes Tune On PSP2, Says It Could Succeed ‘If Priced Right’,  Pachter Calls $249 PSPgo A Rip-Off,  Sony To Finalize NGP Name Later This Year