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I read The 2in1 Mini-converter can exchange data between PC and PSP through any standard PSP USB cable? --- yes,it use the PSP USB port to communicate with PC.
it is usb host? --- no
I can from psp load games from computer or i can’t? --- you can download game from PC to 4GB
When will by only usb version? --- not sure.
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wait so is this thing gonna hang from your psp while your playing on it? --- we stick it to the backside of UMD case,so you can open the UMD slot too and don't need to do anything.we will put the photo to here after few days when the sticker is ready.
Also if this is the 2 in 1 then what will the 4 in 1 have? --- 4in1 need waiting for more 1 month because the 4in1 chip delivery delay.
cause i thought the 2 in 1 only had cf/micro hd drive? --- exactly
but it has mmc/sd drive too so what is the diff between this and the 4 in 1 --- the 4in1 use same case,but will come with the SD/MMC slot,this SD/MMC slot will be sealed in the 2in1 version.
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Good question, how does this attach to the PSP? Does it even attach to the PSP or does it just hang from the Memory Stick Duo slot? --- we stick it to the backside of UMD case.
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Will this combine the memory from MS and CF? --- no
If I have a 2gb CF and a 1gb MS will I see 3gb on the PSP? --- sorry no,you can use ONE memory at the same time.
Think one can attach it to the UMD ring? --- exactly.
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also two more things. when is the release date of 4 in 1 and at what price will it be at. --- 4in1 need more 1 month. the 4in1 without price yet.
and how fast will these things transfer? --- we have tested,it's not slow and sure it's faster than datel one,because we have a big working buffer.
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Will there be a standalone? --- yes we have the alone convertor ofcourse

How much will it cost? --- not decide yet,but sure it's cheaper than come with 4GB,haha
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HI
Will be able to this converter to use SD card?? --- sorry no,it's 2in1 only
cause in specs are only allowed CF,Microdrive and MS stick PRO ,But under in operating instructions there are even SD --- you are talking about the 4in1.
Maybe SD card reader will be at the left of the MS stick reader in those photo cause this is a prototype ,Or i'm wrong?? --- yes it's prototype still,the retail box will be more cool

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sorry i see now that there are mini2 and mini4
the SD card in effect are supported in mini4 in the same place that i supposed they were..near Ms stick
i think i'll get the mini4..now it's time to wait --- yes,all are ready except the 4in1 chips,you will get the 4in1 after 1 month