Playstation Phone Captured in the Wild?

Is it real? We don’t know yet, but Engadget is reporting that this is possibly a video of the Playstation Playstation phone being played.

This Xperia Play looks a lot like a PSPgo running Resident Evil 2 and Rage Racer. The phone itself has had a good amount of buzz across the various tech blogs. Will consumers embrace it? Can it really make a dent in what Apple has already done and what Android is doing in the mobile gaming industry?