Sony Reveals NGP as PlayStation Vita at E3

Sony has announced the name for its PSP successor, codenamed Next Generation Portable (NGP), and the rumors were indeed spot on.

The NGP will be dubbed the PlayStation Vita (PS Vita) (PCH-1000 series) – for those wondering, Vita means Life in Latin.

Sony also unveiled the pricing structure: the Wi-Fi model will be available for 25,000 yen (including tax) in Japan, $250.00 in the US, and €250.00 in Europe, while the 3G/Wi-Fi model will be available for 30,000 yen (including tax) in Japan, $300.00 in the US and €300.00 in Europe. Exact release dates are still unknown, all Sony has said is that the PS Vita will launch globally at the end of this year.

Sony has officially announced that the PlayStation Vita (formerly known as the Sony NGP) will sell for $249 in North America and 249 euros in Europe.

This will include the Wi-Fi only model whereas for the model with AT&T 3G access will sell for $299, nearly $50 more. For those concerned about the expense, the handheld's price with just Wi-Fi is identical to the price of Nintendo's 3DS at launch although it seems the excitement for the system's launch titles might be enough to sell.

Most of the questions consumers had about Sony's upcoming portable gaming device have finally been answered at their press conference tonight on the first day of E3 2011 in Los Angeles. Instead of PSP2, or the silly NGP, the company has gone with a fresh name: Vita (VEE-TAH). Hoping that this platform will breathe new life into their handheld gaming division, they promise the device will blur the lines between real life and entertainment. And while they took the time to point out the graphical differences between mobile phone games and their already aging PSP, Sony has priced the Vita to compete directly with Nintendo's newest handheld, the 3DS, matching the latter's $249 price tag with the Vita's base Wifi-only model. For those looking to connect to the internet on-the-go, a 3G-enabled model will also be available at $299 running exclusively on AT&T's wireless network in the United States.