A couple of days ago we reported on rumors that Sony will soon unveil the next generation PS Vita which will sport a 6.3" AMOLED display. This isn't confirmed yet, but Sony did lower the price of the current PS Vita. The Wi-Fi model now ships for $199 (down from $249) while the 3G model is $249 (down from $299).
The PS Vita features a 5" touch OLED display (960x544, Samsung made, apparently with green PHOLED), a quad-core ARM Cortex A9 processor and a quad-core PowerVR (SGX543MP4+) GPU (Sony says that it is as powerful as a PS3), Wi-Fi, GPS, Bluetooth and optional 3G. Gaming controls include dual analog sticks, motion controls and a multi-touch pad on the rear side.