It’s prototype name was the NGP, but just announced at Sony’s conference the new handheld device will be called PS Vita. There will be two models; a wifi, and a 3G version that will allow you to game “online” on the go.
There’s a new “social connection tool” called Near which lets you play and recommend titles to people around you, kind of like Nintendo 3DS’s StreetPass.
Pricing will be $249 for the wifi and $299 for the 3G version of PlayStation Vita.

[...] Characters in Dust 514 operate in mercenary corporations defending planetary assets for EVE Online players. The overall idea is that winning and losing Dust 514 matches will have lasting repercussions, rewards, and costs in both EVE Online and Dust 514, and as such there’s plenty of interplay between the two settings – characters can join player-run corporations across either game, the crafting system and races will be making a direct translation, and the core currency, ISK, is used in both games to purchase equipment and vehicles. The kicker is that Dust 514 will also be implementing a microtransaction system using another currency called AUR. The press release says the game will be “a departure from the traditional subscription or one-time purchase model,” which to me translates to full-on free-to-play. Dust 514 will take advantage of just about everything PlayStation has to offer: it’ll be Move-enabled, and be compatible with the Sharp Shooter gun accessory, be a digital download, and even have a component for the recently-announced Vita portable console. [...]