The current issue of UK PSP Magazine is reporting that the future of the PSP includes Final Fantasy titles from the past. In addition to new features (including an EyeToy for the PSP and a GPS system), some of the launch titles for the upcoming PSP-PSOne Emulation feature have been announced (projected to debut in Europe as early as October 2006... other regions have yet to receive a even a tentative release date).

Specifically, both Final Fantasy VII and Final Fantasy VIII are slated to be available at the emulator service's launch, and Sony plans to roll out a catalog of over 7000 PSOne titles by the end of 2007.

Source: PSXExtreme