The PlayStation Vita is the newest in the PlayStation Portable line of gaming devices.
The PlayStation Vita was released in February 2012. The device introduces a host of new features not available on previous PSP iterations including the use of augmented reality -- projecting the virtual world into the physical world -- which essentially allows users to turn a dining room table into a wrestling ring.
The AR capabilities are in direct competition with Nintendo's 3DS, one possible reason behind Nintendo's decision to reduced prices in August 2011. The PlayStation Vita brings back use of game cards, using a new format Sony developed that aims to deter hackers.
In addition, users will have access to games downloadable through the PlayStation Network. It is the first PlayStation portable gaming system to have a touch-screen interface; even the back of the console has a touch-sensitive control pad.