Sony introduces it's next generation portable ultimate handheld entertaiment "PlayStation Vita" aka PS Vita. The gaming console consist of great features and will change the way you play with real-time scores and game ranking news feeds, multiplayer game sessions and cross-game text messaging with other players.

PlayStation Vita - PS Vita Features:
Connectivity:  Bluetooth 2.1 + EDR, 3G/Wi-Fi, powered by AT&T's Mobile Broadband Network(Network dependant service)
Front & Rear Cameras: The front and rear cameras on your PS Vita creates realistic experiences in your games by transporting yourself into the game.
Sensors: Six Axis Motion Sensor technology will actively engage you with the game as you touch, tilt and steer your console.
Display: Multi touch touchscreen display with stunning 5"OLED screen, 24-bit color with a resolution of 960 × 540 qHD and pixel density of 220 ppi.
Controls:  PS Buttons, D-Pad, Dual Analog Sticks and new feature of Rear Touch Pad.
GPS: Locate, connect and play with friends via GPS and social networking apps like NEAR.
Cross Play: With cross platform play you can start playing a game on your PS3 console, pause the game and pick up on PS Vita right where you left off. You can also join in multiplayer games on your PS Vita and play against players on their PS3 consoles.

The device is also backward compatible with PlayStation Portable - PSP downloadable titles and content, videos, and comics from the PlayStation Store.