The second generation Mylo from Sony. Bloomberg Boot Camp, a report on today's technology. Somewhere between Sony's Playstation Portable….a mobile phone and an ultra portable PC….is a space the consumer electronics giant is trying to fill with a device it calls Mylo. It is a handheld gadget….not designed for games….but instead for social networking and digital entertainment. The new version of Mylo includes a faster WiFi connection….and a higher resolution 840 by 480 screen. It has a 1.3 megapixel camera… and plays music, photos and videos. Product manager Philip Boyle…

"I like to think that Mylo, it's gotten just a little older. It's grown up in the ways it needed to. From a software perspective, we've added a whole lot to the device. The user experience is even more robust than it was last year. We have new partners, which are a critical part of Mylo this year. We've added to the stable of partners the good folks at AOL, so we have AOL Instant Messenger, Google Talk, Yahoo Messenger and Skype IM with voice capability. We've got the ability to go to more of the Web sites that customers want to go to and we think this is critical. We've partnered up with the folks at Adobe and were able to get Flash compatibility through the addition of Adobe Flash Lite 3."

Mylo owners can connect to the net for free on the road at McDonalds' Restauarants. The price…about 300 dollars. Bloomberg Boot Camp, I'm Fred Fishkin.