Update: The system is coming this holiday season at two price points. The Wi-Fi-only model will retail for $249.99, while the 3G-equipped model will cost $299.99.
Original Story: Sony confirmed the rumors and reports that have been going around recently that the PlayStation Portable's successor will be known as PlayStation Vita.
The 3G-enabled model of Vita will be powered exclusively by AT&T, a revelation that was met with moans and groans from many of those in attendance. Those with AT&T service plans will be entitled to free Wi-Fi access at 24,000 hotspots around the country.
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