Engadget.com has gotten their hands on the Sony Ericsson Xperia Play phone, also known as the PlayStation phone. The phone uses a Qualcomm MSM8655 chipset, 512MB of RAM, 5 megapixel camera on the back with LED flash, WiFi, Bluetooth 2.1 with EDR, and FM receiver. Underneath the screen is a gamepad to make playing games easy. There is also four Android soft keys below the screen (back/home/menu/search). Check out the full demo in the video above.