The PSP Demoscene took quite some time to take off the ground and see the first releases, but it is now starting to gather momentum. In fact it has gained such momentum that a PSP production actually won at Breakpoint 2007! And many of you will instantly recognise the famous group behind it.
Suicide Barbie, by The Black Lotus. Released April 2007, Ranked 1st at Breakpoint 2007.
I've not watched any PSP productions yet so am currently downloading some of the best ones to take a look. I will let you know what I think. There are some videos of the best ones available on Pouet.
And to see a selection of PSP productions have a look on Pouet here.