Redesigned PSP Released As Mylo is reporting that Sony has unveiled a personal computer called "mylo". Mylo, an acronym for "My Life Online", is apparently set to launch next month for about $350. The system which appears to be what PSP fans dreamed the system would be redesigned into, features a slide out keyboard, a web browser and 1GB of built-in flash. Via Update By the way the title is indeed a joke.