So...what do we know?
"Although officially top secret, we've learned that Vivendi - publishers of past Aliens vs. Predator titles - is creating Aliens vs. Predator for PSP. The game will tie in with 20th Century Fox's upcoming sequel, which is expected to hit cinemas in January. The story sees those naughty aliens and predators rocking up a small isolated town and making life difficult for the locals. It's a small, modern day town - Colorado, in fact - which may cause a few timeline problems for Aliens fans. We're looking forward to seeing how this is explained and to incinerating screeching acid-blooded xenomorphs in the rural US with impunity. More details next issue."
Release date is November 21.
So...that about sums it up. I'm thinking we'll end up with a 3rd person, AvP1/2/E style game where we can play as Alien or Predator.