Is it an actual release and not a emulator?

Yes,it is an actual release I think.although I heard it might just be a rumor

Holy shit https://i.imgur.com/07tRdub.jpg

Don't get over excited before Atlus actually says something. People tend to exaggerate when it comes to Persona releases.

Now imagine there's sonic the hedgehog mod in p4g

so far it's indeed only rumors. That being said some files have been found on steam concerning p4g. https://steamcdn-a.akamaihd.net/steamcommunity/public/images/apps/1113000/8d2c0800761a336e5ccff900fcdb0e840c346c91.ico ^said file. other rumors also mentioned p3p but no concrete evidence was found.

well I just hope it's real.

ew what the fuck why would they put p3p of all versions it's not like there's hardware limitations of a fucking psp