In the race to make the XenoProduct, rumors flutter to and fro about consoles becoming a home PET scanner and dessert topping, and your controller a Bass-O-Matic and cat o’ nine tails. Rising to the top yet again is the rumor of a Playstation phone.

Sony Ericsson jefe Hideki Komiyama recently told The Financial Times that “… as part of his recovery plan for Sony Ericsson, a good idea would be to leverage Sony’s brand recognition in the gaming market, and that a PlayStation phone built on SE’s current Walkman and Cybershot handsets ‘could happen’.”

Is this a leak or wishful thinking? It seems like it might be a little late to start working on a Playstation Phone, doesn’t it?