Sony announced that their second-gen portable gaming console (the PSP2) will be called Vita. The Vita will cost $249 for the Wi-Fi version for $299 for the 3G one. In Europe it will cost €249 and €299. The vita will ship worldwide towards the end of 2011.
Sony's second-generation mobile gaming console features a 5" touch OLED display (960x544), 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 3G (AT&T, optional). Gaming controls include dual analog sticks, motion controls and a multi-touch pad on the rear side.