Found the above article as I was thinking about getting a new phone and as I'm in the market for a PSP or 3DS I figured, kill two birds with one stone.
Well, perhaps not.
I was never quite sure how the Xperia Play worked in terms of it being PlayStation and Android. I've yet to see any game reviews on Eurogamer. It seems the phone merely relies upon Android releases being optimized for its particular control scheme. From what I can see there's no first-party support or important exclusives.
Bizarrely it doesn't connect to PSN so downloading PSone classics and PSP minis is not possible!
Overall it's a pretty confusing product that doesn't really fit into either camp; it's not a particularly capable Android smartphone, and it offers no advantages over its competitors in mobile gaming other than its control scheme.
Is it already on its way out?

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