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The system will be released in Japan later this year.

Sony announced tonight at their TGS 2011 conference that the PlayStation Vita will see release this year in Japan. Come December 17, Japanese players will be getting their hands on the new Sony handheld. According to Famitsu, the system will launch with Ultimate Marvel vs. Capcom 3 and Armies From Hell from Square Enix, but at the time of press, no other launch titles are currently known.

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The WiFi only version of the system will also be priced at $249.99 and available this holiday season.

Sony has revealed that the PlayStation Vita will be priced at $249.99 in North America for the WiFi only version of the system. The 3G version of the system will be priced at $299.99, only $50 more than the WiFi version of the system. Outside of North America, the pricing is similar in number, though more expensive when adjusted for exchange rate.

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The system will be offered in two versions, WiFi and 3G, with AT&T being the exclusive carrier for the device.

During Sony's press conference, the NGP was officially renamed to the PlayStation Vita. According to Kaz Hirai, the system will be offered in two distinct versions, WiFi and 3G. The 3G version of the system will be exclusively carried by AT&T in North America.

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The brick-and-mortar stores will be taking preorders tomorrow, January 28th.

Sony's NGP is now available from GameStop.com at a listed price of $999.99. Unlike the 3DS, the NGP is available for preorder online without Sony announcing their handheld's retail price, leaving the device to have a hefty $999.99 online shopping cart price tag that will instantly deflate when the unit's actual retail value is revealed.

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EA gives the Criterion developed racer a tentative release date.

During a recent conference call regarding the massive lay-offs at the company, EA Games president, Frank Gibeau commented on Criterion's upcoming Need for Speed title.

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