New Features:

Video out function - output the video and sound signal to NTSC TV with the optional video cable.
Lower power consumption.
Thinner than the old version.
What's in the box?

PSP Console - no regional protection on all games, that means that it can play games from US, Japan or Europe.
AC adapter
Battery pack
6 colors available - Piano Black, Ice Silver, Ceramic White, Felicia Blue, Rose Pink, Lavender Purple