Sony PSVita, aka PSP 2, Unveiled

Hacking problems aside, Sony is gearing up in the next-gen handheld gaming device race with the introduction of the PSVita, known previously as the Playstation Portable 2. The gadget comes with six-axis motion sensors, dual analog controllers with thumbsticks, front- and rear-facing cameras, an OLED touchscreen, and a touchpad at the back.

Sony has also displayed a number of game titles, including Uncharted: Golden Abyss, LittleBigPlanet, and Street Fighter x Tekken.

This handheld gaming device also allows online play, although Sony has confirmed that the PSVita will be available exclusively through AT&T. The WiFi-only model would cost $249, while the 3G model would go for $299, with both models shipping worldwide in time for the holiday season of 2011.
source: Gadget.com