Sony Computer Entertainment has announced the next generation portable entertainment system (codename: NGP) is now known as PlayStation Vita (PS Vita). A Wi-Fi model will be available for 24,980 yen (including tax) in Japan, $249 MSRP in US and euro 249 in Europe, while a 3G/Wi-Fi model will be available for 29,980 yen (including tax) in Japan, $299 MSRP in US and euro 299 in Europe. The PS Vita system incorporates a 5-inch multi-touch organic light emitting diode (OLED) as the front display and a unique multi-touch pad on the rear. Together with the front touch screen and the rear touch pad, the PS Vita system offers new game play allowing users to interact directly with games in three dimension-like motion, through "touch, grab, trace, push and pull" finger motions. Also the PS Vita system features two analog sticks which enable a wider range of game genres to be brought into the portable experience. In addition to the PS Vita system pricing, SCE also revealed that AT&T will be the exclusive service provider in the United States for the PS Vita system. Press 'read more' for details.