Could the PSP2 be as powerful as the PS3?

Could the PSP2 be as powerful as the PS3?

Sony's said to be prepping a successor to its PSP handheld, the PSP2. And according to report, it's gonna be powerful. As powerful as the PS3, apparently.

Sony has been telling its licensees that they're looking for bigger, badder games for the PSP2, games flashy enough to differentiate themselves from the sorts of things people are downloading on their iPhones and Android phones. And in order to power such games, they're delivering some pretty serious guts.
Will they be able to create a handheld as powerful as the PS3? If so, that'd be a feat. We'll see!
MCV via Kotaku